Kucoin DeFiLlama Founder Reveals Apple Delayed App Launch Due to Phishing Apps
Article Content
- •Apple delayed action on a fraudulent DeFiLlama app for months despite multiple reports.
- •The founder demonstrated the app's malicious intent by allowing a small wallet to be drained.
- •The incident reflects a broader issue of phishing apps targeting cryptocurrency platforms.
The founder of DeFiLlama, 0xngmi, reported that Apple took months to remove a fraudulent app impersonating their service, which led to the delay of their official mobile app launch. The team had repeatedly reported the fake app for trademark violations without success. After allowing a small wallet to be drained as proof of the app's malicious intent, Apple removed it within days. This incident highlights the ongoing issue of phishing apps targeting cryptocurrency brands on major app stores, which can lead to significant financial losses for users. The official DeFiLlama app is now live, but the episode raises concerns about how app stores handle impersonation reports. The founder emphasized the need for better protection for users against such scams.
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