The crypto community was on high alert after discovering a fake Apple App Store application posing as the decentralized finance (DeFi) protocol Curve Finance.
Curve Finance's developers have urgently informed users about this phoney app bearing the Curve logo and affirmed that the company had not launched any official DeFi apps.
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The app claimed to offer robust loan management tools and entertainment through puzzle games—a feature that strays significantly from the expected functionalities of a DeFi platform.
The fake app had nine reviews and boasted a high user rating of 4.6 stars out of 5. It was the only app attributed to MK Technology Co. Ltd, with its official page offering minimal information beyond a ProtonMail contact and the name "Curve Finance".
The app has now been removed from the App Store.
Yet, this revelation still brings to light the ongoing risks within the digital finance space and underscores the sophisticated tactics employed by scammers to deceive users.
It is not the first time that Curve Finance has been affected by bad actors. In 2023, the DeFi player experienced a hack that led to losing $62 million.
