Fake Rabby Wallet app drains users' crypto on iOS App Store

According to CryptoPotato, a fake version of the Rabby Wallet app is draining users' cryptocurrency on the iOS App Store. Rabby Wallet, a cryptocurrency wallet developed by Debank, announced the launch of its mobile app on February 16. However, the app available on the iOS App Store is not the official version and users who installed it have been scammed.

Users reported that their crypto assets were completely drained after installing the fake app. This issue was first discussed on Reddit and then continued on the official Apple forums. The real Rabby Wallet app is still awaiting approval from Apple, while the fake app, published by VIET LONG FINANCIAL INVESTMENT JOINT STOCK COMPANY, has been approved. One user reportedly lost approximately 14 ETH due to the scam.

Apple's approval process has been called into question, with malicious apps like this one sometimes creeping in. According to one Reddit user, Apple Support allegedly stated that the app had been approved as something else in the past, remained active, and then was updated to resemble Rabby Wallet's GUI shortly after the launch announcement. Rabby Wallet users are advised to avoid downloading the app from anywhere except the official repo to prevent misappropriation of their crypto assets