Apple’s Delay in Removing Fake Rabby Wallet App Leaves Users Drained

There have been reports of a fake version of the crypto wallet app Rabby Wallet causing problems for unsuspecting users on the Apple App Store. On February 16th, the team behind DeBank’s Rabby Wallet confirmed that any app currently listed on the store is fake, as the official app is still under review. The imposter app is currently available on the App Store under the name “Rabby Wallet & Crypto Solution” by a company called “Solution Development.” The version history shows that it has been listed on the store for at least four days. Despite multiple users reporting the fake app, it remains on the store.

A user named ‘manolodf’ raised awareness about the fake wallet app on Reddit and the Apple discussion board. They shared screenshots from users who had lost funds to the malicious app and expressed their disbelief that such a counterfeit app could make it onto the Apple App Store. One victim claimed to have been scammed for $5,000 and reached out to Apple for reimbursement. Another user lamented losing 10% of their portfolio to the fake Rabby_io application.

NFT collector ‘bthemouth’ also fell victim to the fake Rabby app. They reported that their wallets were drained after importing their seed phrase. The user shared an address allegedly belonging to the hacker, which contained almost 14 ETH worth approximately $40,000 at the time. This is not the first time a fake Rabby wallet has appeared on the App Store. It previously appeared in October and December of last year, as alerted by the Rabby team at the time.

In a similar case, a fake Curve Finance app was recently discovered and listed on the Apple App Store on February 14th. Last year, a fake Ledger Live app on Microsoft’s app store resulted in the theft of almost $600,000. These incidents highlight the challenges of ensuring the security and authenticity of apps on centralized app stores. Users must remain vigilant and double-check the legitimacy of any financial or crypto-related app before using them. It’s crucial to report any suspicious apps immediately to the app store platform and seek reimbursement if affected by fraudulent activity.