A counterfeit version of the crypto wallet application Rabby Wallet continues to be available on the Apple App Store, harming users who are unaware of the issue. The team behind Rabby Wallet, developed by DeBank, confirmed on February 16th that all apps listed in the store are fake since their official application is currently under review.
Fake Rabby Wallet App Still Live
The fake app currently appears on the App Store under the name Rabby Wallet & Crypto Solution by a company called Solution Development, and its version history indicates it has been listed in the store for at least four days. However, the app seems to persist despite a chorus of users who have reported the fake app to Apple.
A concerned user going by the name manolodf opened a thread on Reddit on February 18th to warn other users about the counterfeit wallet app. They also shared the issue on Apple’s discussion board, posting screenshots from users who lost money due to the malicious app:
“This is madness and should never happen in the Apple ecosystem, how does a fake crypto wallet that steals money pretending to be real stay in the app store?”
One victim shared the following regarding the issue:
“I was scammed out of about $5,000 this morning by this fake app. I opened a support case with Apple to see if there is any way of reimbursement since the app had been reported several times before.”
Another user, X, stated that they lost 10% of their portfolio due to a fake Rabby_io app in the Apple store.
Prominent Investor Suffers Major Loss
NFT investor bthemouth reported that their wallets were drained after importing their seed phase into the fake Rabby app. The user shared an address allegedly belonging to the hacker, containing nearly 14 Ethereum worth about $40,000.
This is not the first entry of a counterfeit Rabby wallet into the App Store. According to warnings from the Rabby team at the time, the app appeared in the App Store in October last year and again in December. A similar situation was reported on February 14th when a fake Curve Finance app was discovered and listed on the Apple App Store.
In November last year, a fake Ledger Live app that infiltrated Microsoft’s app store stole approximately $600,000.
