Indian cybersecurity company Frautect reported that attackers have posted a fake #CurveFinance program in Apple's mobile app store.
According to Frautect, this has already caused irreparable losses to unsophisticated crypto investors who downloaded the program to their devices.
“Disguised as a legitimate token exchange and liquidity-stacking tool, the fake Curve Finance app has caused multiple reports of financial losses and security issues,” Frautect said.
Frautect said Curve Finance users have reported missing crypto shipments, unauthorized withdrawals from accounts, and a complete lack of customer support services. The extent of the damage caused is being specified.
Earlier, the Curve Finance decentralized finance platform team paid a $250000 reward for identifying a vulnerability that could be used to manipulate balances and withdraw funds from liquidity pools.