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    Faux Phantom pockets promoted in iOS AppStore drains customers funds

    Latest News

    A faux Phantom pockets app within the Apple Retailer is reported to empty belongings upon account restoration with a personal key. Phantom Pockets and Solana customers have been alerted to the fraudulent app mimicking the reputable Phantom Pockets.

    The faux app, revealed by Meta Voxify and with poor 1-star critiques, seems as an advert and deceptively resembles the genuine software developed by Phantom Applied sciences.

    starcrypto can verify that the app remains to be dwell within the UK and could possibly be obtainable in different territories. When trying to find ‘Phantom,’ the faux app seems prominently on the high of the display, showing reputable with out deeper inspection. It’s listed within the ‘Schooling’ class versus ‘Utilities’, the place the unique app exists. The faux app has additionally apparently been within the retailer for ’17 years’ and is thus unrealistically older than Solana and even Bitcoin itself.

    Swissborg co-founder Alex Fazel warned customers,

    “There’s a faux Phantom pockets app within the Apple Retailer that appears actual however will drain all of your belongings as quickly as you employ you recuperate your account with a personal key.”

    Stories have surfaced about vital monetary losses as a result of this rip-off. Mende Matthias, co-founder of the Dubai Blockchain Middle, reported a theft exceeding $100,000 from his Phantom pockets on June 25, 2025. He talked about that the theft occurred shortly after he obtained presale tokens regardless of having sturdy safety measures in place. Matthias emphasised that he didn’t have interaction with suspicious hyperlinks, elevating considerations about how the safety breach occurred.

    See also  Anatoly Yakovenko says ‘Solana is Ethereum’ in layer-2 scalability debate

    Phantom Pockets customers needs to be vigilant and solely obtain apps from verified builders to keep away from such scams. The incident highlights the continuing challenges and dangers inside the crypto house, urging the neighborhood to share info and keep knowledgeable about potential threats.

    It additional raises questions on Apple’s AppStore safety and vetting course of, worsening arguments towards permitting the sideloading of apps by third-party shops. As soon as seemingly a pillar of safety, the AppStore permitting the itemizing and advert promotion of a rip-off clone of a monetary app is a critical concern for customers.

    The put up Faux Phantom pockets promoted in iOS AppStore drains customers funds appeared first on starcrypto.

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