Users of Phantom Wallet and Solana have received warnings about a fraudulent application that imitates the legitimate Phantom Wallet. This counterfeit app appears in the form of advertisements and bears deceptively similar features to the authentic Phantom Technologies application, such as its prominence when searching for the term “Phantom.” Additionally, the app is misleadingly categorized as “Education” instead of “Service” and falsely claims to have been operating on the platform for 17 years.
Dear @PhantomWallet & #Solana users , there is a fake Phantom Wallet app in the Apple Store that looks very real, but once you use your private key to restore your account, it will drain all your assets
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— Alex SwissBorg (@alex_fazel) June 28, 2024
Reports indicate significant financial losses within the same portfolio. Mende Mathias, co-founder of Dubai’s blockchain, had his Phantom Wallet stolen on June 25, with over 100 million dollars worth of cryptocurrency taken. He mentioned that despite strong security measures, the incident occurred shortly after he received pre-sale tokens.
Investigations and forensics are ongoing! Blockchain theft never ends well! Hacker, return the money within two days to: Mende.sol, and I will forgive you and not pursue you anymore!
My damaged Phantom Wallet: …
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— Mende Mathias (@MendeMatthias) June 25, 2024
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Solana is integrating Worldcoin ID into its ecosystem. Phantom Wallet users are advised to remain vigilant and only download applications provided by verified developers to avoid such scams.
This incident highlights the ongoing challenges and risks in the cryptocurrency space and underscores the necessity of community awareness and information sharing. It also raises concerns about the security and review process of the Apple App Store, questioning the safety of hosting and promoting fraudulent applications.
