- Curve Finance is not new to scams, with previous fake apps targeting its user base.
- Users are urged to verify app sources to safeguard their cryptocurrency assets.
Curve Finance is a well-known decentralized exchange (DEX) for stablecoins, earning significant trust within the crypto community. A deceptive app mimicking Curve Finance has made its way onto the Apple App Store, quickly climbing into the top 100 finance apps.
Despite clear user warnings, this imitation app, “Curve defi v3,” is gaining traction. It is posing risks to unsuspecting users in Europe, Latin America, New Zealand, the United States, and Southeast Asia. In response, community members have raised alarms on social media. They urge users to report and avoid downloading the app.
Shame on Apple!
— Curve Finance (@CurveFinance) October 26, 2024
This fake app is still up, Apple still did not take it down (takedown was requested immediately as the app appeared). We never had an official app there. https://t.co/fTFZcnMbtl
Ongoing Scams Targeting Curve Finance
The official Curve Finance team has echoed these warnings, advising users to access the platform only through verified sources. However, user reviews reveal a stark reality, with the app predominantly receiving one-star ratings. Many users have reported it as a scam, raising alarm over data security breaches and potential theft of funds.
Moreover, the app’s description misleads users by stating they can “arrange blocks to make a perfect row,” creating a false impression of gameplay instead of financial utility. This misleading information makes it challenging for casual users to differentiate between real and fake applications. The app also boasts about having “over 30 million global users,” a tactic aimed at building a facade of credibility.
Unfortunately, this is not an isolated incident. Earlier in the year, another fake app attempted to impersonate Curve Finance, demonstrating a troubling pattern of scams targeting its user base. As the decentralized finance (DeFi) sector expands, users must remain vigilant and educated about potential threats to protect their assets and trust in the crypto ecosystem.
Highlighted Crypto News Today
Vitalik Buterin Maps Ethereum’s Next Phase with The Purge
