Fake wallet app makes it into the top 3 finance apps on the App Store (Update)

A fake wallet app has managed to sneak its way to become the third most popular finance tool on the App Store over the weekend. Pretending to be popular ETH crypto coins wallet app MyEtherWallet, the impostor app has managed to get both through Apple's checks and reach the top three in the Finance category.

The fake app was likely propelled through the ranks by the current crypto currency frenzy and the success of apps like Coinbase, TechCrunch notes, which is not to say that the situation isn't strange all the same.

After the fiasco came to light, MyEtherWallet took to twitter to clarify that it has nothing to do with the impostor app and that it has filed a report regarding the issue.

It is not yet clear whether the fake app was trying to rake in as much as possible on the back of the MyEtherWallet app, which costs $4.99, or if it was trying to actually steal crypto coins from those who fell for the scam.

Update: The rogue app has been pulled from the App Store. During its time on Apple's digital storefront, the fake wallet app has managed to garner some 3,000 downloads at a price of $4.99.

source: TechCrunch



1. RebelwithoutaClue unregistered

I thought Cryptocurrency wallet apps were forbidden in the app store anyway.

2. g2a5b0e unregistered

But...but...but...I thought fake apps only ever made it into the Play Store.

6. NickHill

Posts: 388; Member since: May 07, 2016

If people are stupid, well, Apple can't help that.

7. VZWuser76

Posts: 4974; Member since: Mar 04, 2010

But I thought Apple doesn't let fake apps pervade their stores. That is on Apple.

8. g2a5b0e unregistered

So I guess none of the culpability goes on Apple for allowing a rogue app onto the App Store then. Yup. Makes perfect sense. The fact is that I'm not trying to make this into some kind of flame war. I'm just disgusted by the people who seem to think Apple is infallible. You can find sh*tty apps & malware on both the Play Store & App Store. Anyone who thinks otherwise is a fanboy with tunnel vision.

9. cnour

Posts: 2305; Member since: Sep 11, 2014

Let me rephrase your sentence: If people are Android lovers, well, Apple can't help that.

13. tedkord

Posts: 17505; Member since: Jun 17, 2009

No matter how much it hurts you. Finished for you.

17. xfire99

Posts: 1207; Member since: Mar 14, 2012

Appstore is only for iOS users? So Let me rephrase you sentence of meaning: Apple cant help stupid Apple lovers downloading a fake app.

19. iushnt

Posts: 3168; Member since: Feb 06, 2013

You can’t live without talking about Android every single day, can you?

22. Sammy_DEVIL737

Posts: 1529; Member since: Nov 28, 2016

Actually Android phones went way deep in his throat.

21. lyndon420

Posts: 6914; Member since: Jul 11, 2012

You should have rephrased your question into something that actually made sense. Oh wait... nevermind...

18. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Why would they help that? Their entire business need model depends on it.

20. lyndon420

Posts: 6914; Member since: Jul 11, 2012

But apple likes it that way... it's their business model.

4. xfire99

Posts: 1207; Member since: Mar 14, 2012

Not a problem. Apple have billions to pay back to peoples if they lost theirs crypto coins. :p

5. NarutoKage14

Posts: 1354; Member since: Aug 31, 2016

That tweet is hilarious. As if crypto currencies themselves weren't a scam. Real life IAP for digital crystals or diamonds.

16. Tipus

Posts: 911; Member since: Sep 30, 2016

Apple would never allow fake apps in it's store! Oh, wait.. LMAO!

* Some comments have been hidden, because they don't meet the discussions rules.

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