Curve Finance Issues Warning About Fake App on Apple App Store

3 months ago 36

Curve Finance announced to its 358,100 followers on X (formerly Twitter) the presence of a fraudulent application on the Apple App Store that uses Curve Finance’s logo.

The warning occurs amidst a positive price momentum in the cryptocurrency market, where malicious hackers seek to exploit unsuspecting novice investors.

Curve Finance Declares Fraudulent App Amid Incoming Bull Market

In a post on X, Curve Finance urges its followers to exercise caution amid the currently hyped-up crypto markets, warning of fraudulent applications that could result in financial losses.

“Beware of scams. There is no DeFi “Curve App” on Apple Store, but a fake with our logo was spotted! Stay safe.”

Amid heightened hype in the crypto market, prices surge as the total market capitalization surpasses $2 trillion.

Malicious hackers have been commonly developing imposter apps of reputable brands and crypto exchanges recently, aiming to deceive investors into entrusting their funds to them.

Meanwhile, in November 2023, SlowMist flagged an app posing as Skype, which defrauded a Chinese individual of their crypto.

A Chinese gang likely developed the app, embedding malicious code into a downloaded application package (APK).

Curve Finance

In November 2020, investors pointed out a fake Uniswap app on Google Play, with some victims allegedly lost thousands of dollars to it.

According to Nuggets News founder Alex Saunders, a fake Uniswap app was available for download on the Google Play Store.

However, Google did not immediately remove the malicious application. Saunders added that someone had already lost $20,000 to the app which apparently asks for private keys.

Meanwhile, Google Play Store has over a hundred fake reviews giving the malware a 4.5-star rating. It has been downloaded over a hundred times and was uploaded by a spurious developer email account called [email protected].