PANews reported on November 7 that according to Cointelegraph, a fake application impersonating the DeFi platform Curve Finance appeared in the Apple App Store for the third time this year, once again targeting unsuspecting users. Despite previous warnings and deletions, the application continues to land on the App Store, attracting a large number of downloads and ranking among the top in the financial category in multiple regions. The app disguised itself as a legitimate tool built for token exchange and liquidity staking in the store, resulting in many reports of financial losses and security issues in user reviews.
Babu Lal, co-founder of Indian cybersecurity company Frautect, said that it has "identified, reported and removed" more than 6,500 fake public applications, most of which "belong to the financial category." Despite a large number of user reports, warnings from security experts and even the removal of these applications, deceptive applications continue to appear, putting users at risk of being exploited. Lal said that the current situation is that "new modus operandi emerges every day" and the situation will continue to get out of control if security measures are not improved.
