A fraudulent Phantom wallet app in the Apple Store is draining users' funds by mimicking the legitimate Phantom Wallet. The fake app, with poor reviews, deceives users into thinking it is the real application. Users have reported significant financial losses due to this scam, with one user losing over $100,000. The incident highlights the risks in the crypto space and emphasizes the importance of downloading apps only from verified developers. The fake app's presence in the AppStore raises concerns about security and vetting processes. Additionally, the article touches on other crypto-related news, such as Assange's potential release and market updates. It warns readers to be cautious when trading cryptocurrencies and to conduct thorough research before making any investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news