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Fake Crypto App Makes It Past App Store Review Team, Steals Thousands of Dollars

Fake Crypto App Makes It Past App Store Review Team, Steals Thousands of Dollars

A fake app claiming to be for the Rabby Wallet crypto service made its way onto the App Store and had an extended run, making it just the latest malicious app that has made it past Apple’s App Store review team. Previously, a movie piracy app and an app impersonating the LastPass password manager made it into the store. Now, this fake blockchain app is taking money from unsuspecting cryptocurrency buyers.

The fake app was called Rabby Wallet & Crypto Solution, and it presented itself as the official Rabby Wallet app. It appears that the app has finally been removed from the App Store. However, for the time it was on the App Store, users downloaded and installed the fake app, as there were no other Rabby Wallet apps available, as the real app still has not been approved by the App Store.

That genuine app is still going through the App Store review process, according to its developer, DeBank Global Pte. Ltd., which has warned customers about the fake, as seen by the tweet above. The blockchain service can alternatively be used via a Mac app or a Chrome extension.

“I was also scammed for about 5k usd from this fraudulent app this morning,” wrote one user on Apple’s support pages who claims that the fake app has been available for years. “I have raised a support case with Apple to see if there’s any means of reimbursement as the app has been reported multiple times prior and is still standing 4 years now.”

“Less than 1 day of trying to use this wallet and I manage to lose majority of my holdings,” wrote another in Rabby Wallet’s Discord channel. “Did I deserve it for not doing my due diligence, sure. Am I going to complain to the heavens to Apple support to try get reimbursement, sure.”

Apple has not commented on the issue.

(Via AppleInsider)