A fraudulent version of Curve Finance has recently surfaced in Apple’s App Store, deceiving users worldwide. Despite numerous warnings from the DeFi community, the fake app has gained significant traction, ranking among the top 100 finance apps as of October 26.
Widespread Scam Across Regions
The counterfeit app, which impersonates the decentralized finance (DeFi) platform Curve Finance, has been downloaded by users in various regions, including Europe, Latin America, New Zealand, the United States, and Southeast Asia. Unfortunately, many unsuspecting users have fallen victim to the scam due to its high ranking and misleading appearance.
The app’s description, poorly written yet potentially deceptive for some users, reads: “Curve defi v3 is an amazing app. Arrange the blocks to make a perfect row and clear it!” This vague and suspicious statement should raise red flags, but it still has the potential to lure vulnerable individuals.
Impersonating Curve Finance
Named “Curve defi v3,” the fake app was developed by “Tao Duong Van” and mimics the branding of the real Curve Finance platform. It falsely claims to offer features such as token swaps, liquidity staking, and other DeFi services. However, user reviews consistently warn of its fraudulent nature, with the majority giving it a one-star rating and describing it as a “scam” or “hacker.”
In an attempt to build credibility, the app boasts having over “30 million global users,” a claim that is entirely false and designed to trick more people into downloading and using the app.
The Growing Threat of DeFi Scams
This incident highlights the growing threat of fraudulent apps within the decentralized finance space. As DeFi continues to expand, users must remain cautious when downloading apps, especially those involving financial transactions.
