Curve Finance Fake App Dupes Users Around the World
A newly detected fake application impersonating Curve Finance, a DeFi protocol, has raised a number of red flags since its recent appearance in the App Store. According to data as of October 26, the rogue app quickly climbed to the top 100 finance apps worldwide. Yet, despite the very transparent warning signs by members of its own community, several unwary investors have fallen victim to this application, particularly in the U.S., Europe, Southeast Asia, and New Zealand.
Curve Finance Impersonator
Bearing the misleading label “Curve defi v3”, this app-in question, genuinely, was published by a developer listed as “Tao Duong Van,” and attempts to impersonate Curve Finance. Its promise of token swaps, liquidity staking, and many other DeFi services lures users who think they download one real financial tool. However, numerous one-star reviews indicate that many users very soon caught the scam, with a majority of reviewers labeling it as “scam” or “hacker.
Social Media Warnings
Fintech engineer and app store scam hunter Babu highlighted the Curve Finance fake app on a post via X, a social media platform. The warning tagged Curve Finance’s official account, inviting users to be aware and report suspected apps immediately. Such community-driven warnings are important in ensuring that unaware users do not interact with this rogue app.
History of Curve Finance Impersonations
This is not the first impersonation of Curve Finance on Apple’s app store. On Valentine’s Day this year, Curve Finance warned about another unauthorized app using the DeFi platform’s logo, promising to be a “powerful app” in the management of loans. That app had a suspiciously high 4.6-star rating as it lured users with claims not real.
How to Protect Yourself
Therefore, the researchers recommend that users check the authenticity of an application first before downloading it. Also, they should not be carried away with applications claiming to give Curve Finance services as Curve has no official app available on any platform. Moreover, such fake applications should be reported as soon as possible so that further scams may be curbed.
The upsurge in fake financial apps further underlines increased awareness and vigilance. As scams continue to get more sophisticated, one would do well to emphasize security double-check any app for authenticity, and rely on official sources to access their platforms.
