iPhone user who 'lost everything' warning others against malicious App Store app

iPhone user who ‘lost everything’ warning others against malicious App Store app،

A fake cryptocurrency app claiming to be affiliated with the Bitcoin Leather wallet has been found on the Apple App Store and is depriving people of their digital assets.

It was released by a developer called LetalComRu and uses the Leather logo. To create an illusion of legitimacy, the app's creators also collected fake reviews and it was rated 4.9 out of 5.0.

People use cryptocurrency wallets to store cryptocurrency keys needed to execute transactions. Leather is a popular Bitcoin wallet that allows users to manage their tokens and other digital assets.

iPhone user who 'lost everything' warns others about malicious App Store app

The fake app is a wallet drainer, meaning it was designed to drain victims' crypto wallets. Unfortunately, some people fell prey to it and ended up losing the assets they had accumulated after years of hard work.

The fake app likely tricked people into revealing their secret passphrase and making transactions in their name and moving assets such as cryptocurrency and NFT to a wallet owned by the actors behind the app.

If you downloaded the fake Leather app and entered your passphrase there, it is recommended to transfer your cryptocurrency to a new wallet.

Apple was informed of the fraudulent app a week ago by Leather, but it is still available on the App Store.

Although iPhones are generally considered more secure than Android handsets, we occasionally face security breach incidents. For example, last month an app impersonating a popular password manager was found on the App Store and Apple was not very quick to remove it.