Fake Rabby Wallet App Infiltrates Apple App Store

A malicious clone of the Rabby Wallet, a well-known cryptocurrency wallet, has been discovered on the Apple App Store. This development has raised alarm bells in the crypto community, as scammers are relentlessly trying to deceive individuals by masquerading as legitimate software providers.

The official Rabby Wallet team issued a statement addressing this fraudulent mobile application. They emphasized that there is currently no official mobile app available, making it clear that the only legitimate versions of Rabby Wallet are as a Google Chrome extension and a desktop application, as stated on their official website.

The counterfeit application claims to be developed by an entity called "Dinh Thi Phuonh Dung," an organization that has not previously published any apps on the App Store. Moreover, the developer's privacy policy redirects users to "freeprivacypolicy[dot]com," raising questions about how the app managed to bypass Apple's moderation. At the time of writing, searching for "Rabby Wallet" places the fake app at the top, further highlighting concerns about Apple's vetting process.

Rabby Wallet, created by DeBank, is a multi-chain wallet that supports over 120 chains, including Arbitrum, Base, and more.

According to cybersecurity company Sophos, scammers have altered their tactics compared to previous strategies involving malicious advertisements, social engineering, and fake websites. They now exploit the trust associated with platforms like Google Play and the Apple App Store.

These fraudsters are also expanding their influence on victims' social media accounts, with a particular focus on platforms like Facebook and Tinder. They attempt to persuade individuals to download fraudulent apps promising substantial profits. This new approach is a cause for concern in the ongoing battle against cybercrime.