A fake Curve Finance app infiltrated Apple’s app store, gaining popularity despite community warnings. The counterfeit app, mimicking the genuine decentralized finance (DeFi) platform Curve Finance, ranked among the top 100 finance apps on the Apple app store as of October 26.
Although flagged as a scam by many users, the app continues to trend in regions such as Europe, Latin America, New Zealand, the United States, and Southeast Asia, putting unsuspecting users at risk.
The poorly written store description still has a negative impact on vulnerable users. The description reads: “Curve defi v3 is a great app. Arrange the blocks, create a perfect sequence, and clean up!”
Preview of the fake Curve Finance app on Apple’s store. Source: Apple
Response Awaited from Curve Finance
Cointelegraph reached out to Curve Finance for comment but did not receive a response before publication.
This fraudulent app, labeled “Fake Curve Finance,” was created by a developer named Tao Duong Van and misleads users by copying the Curve Finance logo and functionality of the real platform.
While the app claims to offer features such as token swaps, liquidity staking, and DeFi services, all reviews rate it one out of five stars, using terms like “scam” or “hack.”
One image in the app falsely claims it has “30 million global users” to establish fake credibility.
Fake Curve Finance Social Media Alert
The fake Curve Finance app was highlighted on the X platform by fintech engineer and app store fraud identifier Babu. His tweet, one of the first to identify the issue, tagged the official Curve Finance account, warning users to “stay vigilant and report suspicious apps!”
Currently, users are advised to report the fake app and avoid interacting with it while it remains available in the Apple app store.
Not the First Time, According to Babu
This is not the first time a fake app mimicking Curve Finance has appeared on Apple’s official app store.
On February 14, Curve Finance warned the X community to “beware of scams” and clarified that no DeFi Curve app existed in the app store. The unauthorized app listed at that time was created by a developer called MK Technology, presenting itself as a “powerful app for managing loans and credits” and had a 4.6-star rating with only nine reviews.
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