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According to Bitcoin News, Sparrow Wallet v2.5.4 has been released after extensive AI-assisted review, containing multiple security enhancement updates aimed at reducing users' reliance on external servers such as Electrum.Additionally, this version strengthens Ledger, Keycard, Trezor, Payjoin, PSBT, and multi-signature handling, removes Bitcoin Core credentials and other confidential information from debug logs, restricts existing wallet and backup directory permissions to owner access only, closes local DNS resolution leaks when using Tor, and enhances wallet import, signing, downloading, and server response verification. This update expands Sparrow Wallet's scope for independently verifying transaction data, hardware devices, and other inputs, reducing reliance on external servers for data provision.

According to MacRumors, three iOS users have sued Apple in a federal court in California, alleging that after downloading counterfeit Sparrow Wallet applications from the App Store between May and August 2025, they collectively lost approximately $1.8 million in Bitcoin.The lawsuit claims that even when victims reported fraudulent activity, Apple often took little or no action, and other fake Sparrow applications remained in the App Store. Craig Raw, the developer of Sparrow Wallet, publicly criticized Apple's slow response to the multiple counterfeit versions of his app appearing in the App Store, failing to promptly remove the fake apps, and noted that other fake versions still exist.

ChainCatcher news, according to a report by the Business Times citing regulatory documents, the crypto financial services platform Amber Group has acquired the Singapore cryptocurrency exchange Sparrow.As of the time of publication, neither Amber nor Sparrow has immediately responded to requests for comment. (Source link)