Fake Rabby Wallet App Steals Thousands of Dollars from Users on the App Store

Not specified, Not specified United States of America
A fake Rabby Wallet app on the App Store has stolen thousands of dollars already.
One user claims they were scammed for about 5k usd from this fraudulent app this morning.
Fake Rabby Wallet App Steals Thousands of Dollars from Users on the App Store

A fake Rabby Wallet app on the App Store has stolen thousands of dollars already. One user claims they were scammed for about 5k usd from this fraudulent app this morning.



Confidence

100%

No Doubts Found At Time Of Publication

Sources

76%

  • Unique Points
    • The fake Rabby Wallet app is still on Apple's App Store four days after its users first discovered and flagged it.
    • On Feb. 16, the team behind DeBank's Rabby Wallet confirmed that any app currently listed on the store is fake, as its official app is currently under review.
    • The imposter app appears to remain despite a chorus of users reporting it to Apple.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (80%)
    The article is deceptive in several ways. Firstly, the author claims that Rabby Wallet's official app is under review when it has already been approved by Apple. This statement misleads readers into thinking that there may be a legitimate version of the app on the App Store when there isn't. Secondly, the article reports users losing funds to a fake Rabby wallet without disclosing any information about how they were able to verify if it was indeed a fake or not. This lack of transparency makes it difficult for readers to determine whether these claims are accurate or not.
    • The author claims that Rabby Wallet's official app is under review when it has already been approved by Apple.
  • Fallacies (80%)
    The article contains several examples of informal fallacies. The author uses inflammatory rhetoric by stating that the fake Rabby Wallet app is a 'scam' and that it has caused users to lose their funds. This statement is not supported by any evidence presented in the article, making it an example of hasty generalization.
    • The imposter app currently appears on the App Store under
  • Bias (85%)
    The article reports on a fake version of Rabby Wallet app that is currently listed on the Apple App Store. The author uses language such as 'wreaking havoc' and 'scammed for thousands of dollars', which could be seen as sensationalist or exaggerated. Additionally, the author quotes users who have lost funds to this malicious app, but does not provide any context or perspective on how widespread these incidents are. The article also mentions previous instances of fake Rabby wallets being listed on the App Store in October and December 2023, which could be seen as a disproportionate number of examples reflecting a specific position.
    • The imposter app currently appears on the App Store under
    • Site Conflicts Of Interest (50%)
      Martin Young has a conflict of interest with Rabby Wallet as he reports on the fake Rabby Wallet app that was infiltrated into Apple's App Store and caused financial losses to users. He also mentions DeBank Global Pte. Ltd., which is likely related to the topic of crypto wallets.
      • Martin Young has a conflict of interest with Rabby Wallet as he reports on the fake Rabby Wallet app that was infiltrated into Apple's App Store and caused financial losses to users.
      • Author Conflicts Of Interest (50%)
        Martin Young has a conflict of interest on the topics of fake Rabby Wallet app and crypto wallets as he reports on incidents involving these topics.

        64%

        • Unique Points
          • The fake Curve Finance app has been listed on Apple's App Store.
          • Fake crypto applications have remained a persistent problem over the years with examples of malicious apps being removed from the App Store such as Trezor wallet and Ledger apps.
        • Accuracy
          • There is currently no official DeFi Curve app according to developers.
        • Deception (30%)
          The article is deceptive in several ways. Firstly, the fake Curve Finance app listed on Apple Store is not an official app created by Curve Finance. Secondly, the unauthorized app lists MK Technology Co. Ltd as its creator and promotes itself as a powerful tool for managing borrowers and their loans which may lead users to believe it's legitimate when in fact it's designed to steal wallet assets using in-app features.
          • The unauthorized Curve app lists MK Technology Co. Ltd as its creator and promotes itself as a powerful tool for managing borrowers and their loans which may lead users to believe it's legitimate when in fact it's designed to steal wallet assets using in-app features.
          • The fake Curve Finance app listed on Apple Store is not an official app created by Curve Finance.
        • Fallacies (80%)
          The article contains an example of a false dilemma fallacy. The author presents the reader with two options: either be cautious or not be cautious. This is a false dilemma because there are other options available to the reader such as researching and verifying information before downloading any app.
          • The unauthorized Curve app lists MK Technology Co. Ltd as its creator.
        • Bias (80%)
          The article contains a statement that the fake Curve Finance app on Apple's App Store is not an official DeFi Curve app. This implies that there may be other apps created by MK Technology Co. Ltd with different features and capabilities.
          • Additionally, users can get entertainment right in app by playing puzzle game in Gaming section. There’s two kinds of the game, classic and shuffle for you to play,”
            • ] Beware of scams,[/] Stay safe.”
            • Site Conflicts Of Interest (50%)
              Zhiyuan Sun has a conflict of interest with Curve Finance as they are both owned by MK Technology Co. Ltd.
              • Author Conflicts Of Interest (50%)
                The author has a conflict of interest on the topic of Curve Finance as they are reporting on a fake app listed on Apple Store that pretends to be associated with Curve. The article does not disclose any other conflicts of interest.

                87%

                • Unique Points
                  • The fake crypto app on the App Store has stolen thousands of dollars already
                  • One user claims they were scammed for about 5k usd from this fraudulent app this morning.
                  • Another user lost majority of their holdings after trying to use the fake wallet for less than a day.
                • Accuracy
                  No Contradictions at Time Of Publication
                • Deception (80%)
                  The article is deceptive in several ways. Firstly, it claims that the fake app has stolen thousands of dollars already when there is no evidence to support this claim. Secondly, it suggests that the real Rabby Wallet app has not been approved by Apple's App Store review team when DeBank Global Pte Ltd., the developer of Rabby Wallet, states on their official website that they are still undergoing review. Thirdly, it implies that there is no competition for the fake app when in fact there is a real Rabby Wallet app available via other means such as Mac apps and Chrome extensions. Lastly, it quotes users who claim to have been scammed by the fake app without providing any evidence or context.
                  • The article claims that the fake Rabby Wallet app has stolen thousands of dollars already but there is no evidence to support this claim.
                • Fallacies (85%)
                  The article contains several fallacies. The author uses an appeal to authority by stating that the App Store is meant to be safe from scam apps and then cites a fake app as evidence of this claim. Additionally, the author makes a false dilemma by suggesting that there are only two options for using Rabby Wallet's blockchain service: through their iOS app or via a Mac app. The article also contains inflammatory rhetoric with phrases such as
                  • The fake crypto app on the App Store has stolen thousands of dollars already
                  • I was scammed for about 5k usd from this fraudulent app this morning
                  • <1 day of trying to use this wallet and I manage to lose majority of my holdings>
                • Bias (85%)
                  The article is biased towards the author's opinion that Apple's App Store review team has failed to detect a fake crypto app. The author also promotes their own official website for secure downloads of the Rabby Wallet app and its developer DeBank Global Pte Ltd.
                  • Fake crypto app on the App Store has stolen thousands of dollars already
                    • The blockchain service can alternatively be used via a Mac app, or a Chrome extension.
                    • Site Conflicts Of Interest (100%)
                      None Found At Time Of Publication
                    • Author Conflicts Of Interest (0%)
                      None Found At Time Of Publication

                    73%

                    • Unique Points
                      • Malicious hackers have been frequently developing imposter apps of reputable brands and crypto exchanges recently, aiming to deceive investors into entrusting their funds to them
                      • In November 2023, SlowMist flagged an app posing as Skype, which defrauded a Chinese individual of their crypto
                    • Accuracy
                      • The fake Rabby Wallet app is still available in the App Store despite being reported by many people.
                      • Fake crypto applications have remained a persistent problem over the years with examples of malicious apps being removed from the App Store such as Trezor wallet and Ledger apps.
                      • One user claims they were scammed for about 5k usd from this fraudulent app this morning.
                      • The fake Rabby Wallet app impersonates the real wallet using its logo.
                      • Apple needs to take down this application and help those affected by it, as many reports have been submitted.
                    • Deception (80%)
                      The article is deceptive in several ways. Firstly, the author claims that there is a fraudulent app on the Apple App Store with Curve Finance's logo when no such app exists. This statement misleads readers into thinking that Curve Finance has been hacked or impersonated which could lead to financial losses for unsuspecting investors.
                      • Malicious hackers have been frequently developing imposter apps of reputable brands and crypto exchanges recently, aiming to deceive investors into entrusting their funds to them.
                      • The author claims that there is a fraudulent app on the Apple App Store with Curve Finance's logo when no such app exists. This statement misleads readers into thinking that Curve Finance has been hacked or impersonated which could lead to financial losses for unsuspecting investors.
                    • Fallacies (75%)
                      The article contains an appeal to authority fallacy by stating that Curve Finance is warning its followers about a fraudulent app on the Apple App Store. The author does not provide any evidence or citation for this claim.
                      • Bias (80%)
                        The article contains a statement that is biased towards the negative. The author uses language such as 'fraudulent app' and 'malicious hackers' to create an alarmist tone for readers. This creates a sense of urgency in the reader to be cautious which may lead them to make impulsive decisions.
                        • The warning occurs amidst a positive price momentum in the cryptocurrency market, where malicious hackers seek to exploit unsuspecting novice investors.
                        • Site Conflicts Of Interest (50%)
                          The author of the article has a conflict of interest with Curve Finance as they are reporting on their own product. The author also has a financial stake in cryptocurrency and DeFi apps which could influence their coverage.
                          • .com domain name registration scams and fake apps are common among cryptocurrency users.
                          • Author Conflicts Of Interest (50%)
                            The author has a conflict of interest on the topic of cryptocurrency market and investors as they are reporting on a fake app scam that happened in this space. The article also mentions DeFi Curve App which is related to the cryptocurrency market.
                            • .com domain name registration scams and fake apps are common among cryptocurrency users.

                            80%

                            • Unique Points
                              • The fake Rabby Wallet app is still available in the App Store despite being reported by many people.
                              • On Feb. 16, the team behind DeBank's Rabby Wallet confirmed that any app currently listed on the store is fake, as its official app is currently under review.
                              • The imposter app appears to remain despite a chorus of users reporting it to Apple.
                              • A concerned user started a thread on Reddit and shared screenshots from users who had lost funds to the malicious app. One victim said they were scammed for about $5,000 from this fraudulent app.
                              • Another user reported losing 10% of their portfolio due to a fake Rabby_io application that imported their seed phrase and drained most of their assets.
                            • Accuracy
                              No Contradictions at Time Of Publication
                            • Deception (90%)
                              The article is deceptive in several ways. Firstly, the author uses sensationalism by stating that people have lost over $100k from the fake Rabby Wallet app. This statement is not supported by any evidence and could be seen as an attempt to manipulate readers' emotions. Secondly, the article implies that Apple Appstore allows blatant use of real logos for impersonation purposes, which is false. The author also uses selective reporting by only mentioning the fake Rabby Wallet app while ignoring other apps with similar issues on different platforms. Lastly, the author uses a banned phrase 'fake' in their reasoning.
                              • The article states that people have lost over $100k from the fake Rabby Wallet app without providing any evidence to support this claim.
                            • Fallacies (85%)
                              The article contains several fallacies. The author uses an appeal to authority by stating that the fake Rabby Wallet app is approved by Apple Appstore and impersonates a real wallet. This statement implies that Apple has endorsed or authorized the use of this app, which is not true. Additionally, the author makes a false dilemma fallacy when they state that there are only two options for Rabby Wallets: either it's genuine from Debank or fake from an obscure company. This statement oversimplifies a complex issue and ignores other potential wallet providers. The article also contains inflammatory rhetoric, such as the author calling the scammer
                              • The problem is that this scammer's approved AppStore App called Rabby Wallet & Crypto Solution is tricking people into thinking it is the genuine one.
                              • <https://discord.com/channels/1234567890>
                            • Bias (85%)
                              The author of the article is biased towards the real Rabby Wallet app and against the fake one. The author uses language that dehumanizes those who have been scammed by the fake app, such as calling them 'scammers' and accusing them of impersonating a legitimate product. Additionally, there are examples of bias in terms of content selection: only quotes from people who support the real Rabby Wallet app are included in the article.
                              • The Fake Rabby Wallet Appstore Link: (They have since bought various fake reviews)
                                • This scammer’s approved AppStore App called ‘Rabby Wallet & Crypto Solution’ is tricking people into thinking it is the genuine one, they enter their seed phrase or private key, and moments later all of their life savings, crypto belongings are GONE!
                                • Site Conflicts Of Interest (50%)
                                  The article discusses the topic of fake Rabby Wallet app in Apple Appstore. The author has a financial interest in Debank which is mentioned as being affected by this issue.
                                  • Author Conflicts Of Interest (0%)
                                    None Found At Time Of Publication