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December 28, 2023

Beware: Fraudulent Version of Rabby Wallet Sneaks into Apple App Store

Counterfeit edition of the open-source crypto wallet sensation, Rabby Wallet, has infiltrated the grounds of App Store

In a recurring battle against online fraud, the official Rabby Wallet account has issued yet another warning about a deceptive mobile app on the Apple App Store. This isn't the first time scammers have attempted to impersonate Rabby Wallet, as highlighted in their recent post. The unfolding saga raises questions about the efficacy of Apple's app vetting process, leaving users vulnerable to potentially harmful counterfeits.

Rabby Wallet, renowned for its multi-chain functionality supporting over 120 chains, stands as a reliable creation by DeBank. However, scammers, under the guise of a mobile application, have managed to infiltrate the Apple App Store. Contrary to official statements, the counterfeit app, attributed to a developer named "Dinh Thi Phuonh Dung," claims Rabby Wallet affiliation and currently holds the top spot in App Store search results.

The dubious app's description identifies its creator but directs users to a suspicious website, "freeprivacypolicy.com," further amplifying the authenticity concerns. Notably, Rabby Wallet's official channels reiterate that, as of now, there is no official mobile app available, emphasizing that it is exclusively accessible as a Google Chrome extension and a standalone desktop application.

This incident echoes a concerning trend where scammers utilize fake applications to exploit unsuspecting users. By posing as legitimate providers, these fraudsters can deceive users into sending cryptocurrency or divulging sensitive information. The gravity of the situation is underscored by a recent case where a fake app impersonating Ledger Live infiltrated Microsoft's App Store, resulting in the theft of $588,000 worth of bitcoin.

As the digital landscape continues to evolve, so does the ingenuity of scammers. The fraudulent Rabby Wallet app's presence on the Apple App Store serves as a stark reminder of the constant vigilance required in the cryptocurrency realm. Users must exercise caution and rely on official channels for application downloads, as these incidents emphasize the pressing need for enhanced app store security measures to protect unsuspecting users from falling victim to such deceptive schemes. Stay informed, stay secure.

Josefina Dipaolo
Josefina Dipaolo
Content writer at TechNews180
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