Curve, a decentralized finance protocol, has issued a warning about a fake app that has been listed on Apple’s App Store. The developers have clarified that there is currently no official Curve app for decentralized finance. They have urged users to be cautious of scams and have advised them to stay safe. The unauthorized app claims to be created by MK Technology Co. Ltd and uses Curve’s logo. However, there are no other apps created by MK Technology on the App Store.
Despite being a fake app, it has managed to receive a high rating of 4.6 out of 5 stars with nine reviews. The app markets itself as a “powerful app for managing your borrowers and their loans.” Additionally, it offers entertainment options such as puzzle games. It is unclear whether the app is simply using Curve Finance’s brand without authorization or if it is designed to steal users’ wallet assets through its in-app features.
Fake crypto applications have been a persistent problem over the years. In 2023, Apple removed a malicious Trezor wallet app from its App Store. This app tricked users into entering their wallet seed phrases, allowing hackers to steal their crypto. Similarly, Microsoft removed a fake Ledger app in November 2023, which had already stolen $588,000 from users before it was taken down.
The presence of these fake apps highlights the importance of being vigilant and cautious when using decentralized finance protocols. Users should only download apps from trusted sources and verify the legitimacy of the developers before providing any sensitive information or accessing their wallets.