A fraudulent version of the open-source crypto wallet Rabby Wallet has been identified on the Apple App Store.
An announcement on the official Rabby Wallet account’s X post revealed that this is not the first instance of scammers attempting to impersonate the wallet. The post emphasized that there is currently no official mobile app for Rabby Wallet and cautioned users about the appearance of a fake mobile app.
According to the project’s website, Rabby Wallet is currently available only as a Google Chrome extension and a standalone application for desktop devices. The website also mentions that a mobile app is in the process of development.
The counterfeit application is attributed to a developer named “Dinh Thi Phuonh Dung,” who has no prior applications published on the App Store. The privacy policy provided by the developer directs users to an evidently fake website titled “freeprivacypolicy.com.”
As of the latest information, searching for “Rabby Wallet” on the App Store displays the counterfeit app as the first result, raising concerns about the effectiveness of Apple’s app vetting process.
Rabby Wallet, developed by DeBank, is a multi-chain wallet with compatibility for over 120 chains, including networks like Arbitrum and Base. One of the wallet’s notable features is its ability to simulate and demonstrate the outcomes of user-signed transactions.
Fake apps have become an increasingly prevalent method for scammers to deceive victims. By masquerading as legitimate service providers, scammers can dupe users into sending cryptocurrency to fraudulent websites or divulging sensitive information, such as account login details.
In a recent incident, $588,000 worth of bitcoin was stolen when a fake app, impersonating the Ledger Live wallet, infiltrated Microsoft’s App Store. The deceptive Ledger Live app specifically targeted PC users, managing to attain a 4.5 score from 16 users. The scammer utilized graphics closely resembling the authentic Ledger Live app to mislead customers, potentially supplementing the scheme with fabricated reviews to attract unsuspecting users.
