Fraudulent Version of Rabby Wallet Found on Apple App Store
A fake version of the open source crypto wallet Rabby Wallet has been discovered on the Apple App Store. The official Rabby Wallet account confirmed that this is not the first time scammers have tried to impersonate their wallet. They emphasized that they currently do not have an official mobile app.
Rabby Wallet is currently only accessible as a Google Chrome extension and a standalone application for desktop devices, according to their website. The mobile app is still in progress.
The counterfeit application on the App Store is created by someone named “Dinh Thi Phuonh Dung” who has no prior applications published. The developer’s privacy policy leads users to an obviously fake website.
Concerns Raised About Apple’s Vetting Process
Searching for “Rabby Wallet” on the App Store shows the fraudulent app as the top result, raising concerns about Apple’s vetting process for its apps.
About Rabby Wallet
Rabby Wallet, developed by DeBank, is a multi-chain wallet compatible with over 120 chains including Arbitrum and Base. It offers a feature that allows users to simulate and preview transactions before signing them.
Rise of Fake Apps
Scammers are increasingly using fake apps to deceive users and steal cryptocurrency or sensitive information. Last month, a fake app impersonating the Ledger Live wallet infiltrated Microsoft’s App Store and managed to steal $588,000 worth of bitcoin. The scammer used graphics similar to the authentic app and fabricated reviews to trick users.
Hot Take: Beware of Fake Crypto Apps
Fake apps posing as legitimate cryptocurrency wallets are on the rise, and it’s important to be cautious when downloading and using such apps. Always verify the authenticity of an app before providing any sensitive information or sending cryptocurrency. Stick to official sources and websites recommended by reputable projects to ensure the safety of your digital assets.
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