A shocking revelation as an iPhone user loses everything to a counterfeit cryptocurrency app on the Apple App Store
An iPhone user has sounded the alarm for Apple enthusiasts after falling victim to a fraudulent app on the App Store, masquerading as a legitimate Bitcoin wallet called Leather. The app, created by a developer known as LetalComRu, sported the Leather logo, duping many into believing it was the real deal.
Embed from Getty ImagesA Wolf in Sheep’s Clothing
The counterfeit app amassed a slew of fake reviews, further enhancing its facade of authenticity. Unsuspecting users, lured by the positive feedback, downloaded the app, unaware of the impending disaster. The app claimed to be a cryptocurrency wallet, a tool essential for storing keys required for executing transactions. With Leather being a popular choice among Bitcoin users, it’s no surprise that many fell prey to this elaborate hoax.
The Devastating Consequence
The app turned out to be a wallet drainer, siphoning off the cryptocurrency of those who used it. One user, @CryptoVonDoom, took to X (formerly Twitter) to share his harrowing experience, revealing that the scam had cost him at least $40,000. The revelation prompted a wave of sympathy, with many in the comments section sharing similar stories and even offering financial assistance.
Embed from Getty ImagesApple’s Swift Response
Following the outcry, the fraudulent app was promptly removed from the App Store. @CryptoVonDoom later updated his followers, expressing relief that the app was taken down, preventing further victims. Apple confirmed to iMore that the fake app had been eradicated from their platform. It is believed that the app tricked users into revealing their secret passphrases, enabling the developers to transfer the victims’ cryptocurrency to their own accounts.
A Warning to All
This incident serves as a stark reminder of the importance of vigilance when downloading apps, even from reputable sources like the Apple App Store. Users are urged to double-check the authenticity of apps, especially those related to sensitive matters like cryptocurrency, to avoid falling victim to similar scams.
As the digital world continues to evolve, so too do the tactics of scammers. It’s crucial for users to stay informed and cautious to protect their digital assets and personal information.
