- Fake Curve Finance app climbs Apple’s charts globally, deceiving users by mimicking real DeFi services like staking and swaps.
- Curve Finance warns users to verify apps as scammers use misleading descriptions and ratings to target DeFi enthusiasts.
- Despite reports, the fake Curve app remains high on finance app rankings, pushing Curve Finance to urge stricter app store security checks.
Curve Finance warned users about a scam app impersonating its platform and misleading users worldwide. According to a post by Curve Finance on X, Apple is actively working on removing this app from its store.
In response, fintech engineer and scam identifier Babu, among the first to report the fake app, advised users to verify applications thoroughly before downloading to avoid scams. His tweet pointed out that the counterfeit app has climbed the charts, especially in Europe, Latin America, New Zealand, the United States, and Southeast Asia.
Impersonating Curve Finance: A Growing Threat
The fraudulent app, titled Curve DeFi v3, was created by a developer named Tao Duong Van. Despite being reported, it remains high on Apple’s finance app rankings. This app replicates the real Curve Finance logo and claims to offer services like token swaps, liquidity staking, and other DeFi functionalities.
It misleadingly advertises a user base of over 30 million, attempting to build a facade of credibility to attract new users. The ease with which scammers can deceive unwary DeFi consumers worries Curve financial, a respected brand in the decentralized financial space.
It’s important to note that Curve has encountered similar problems before. Earlier in the year, another scam app also used the Curve name, offering dubious features such as borrower management tools.
Created by “MK Technology Co. Ltd,” the previous fake app even boasted a 4.6-star rating to enhance its legitimacy. These repeated impersonation incidents raise concerns over app store security and emphasize the need for user vigilance in the DeFi space.
Curve Finance Calls for Stronger Security Measures
Besides offering fake services, these counterfeit apps use deceptive descriptions, claiming to provide puzzle games and multiple gameplay modes to lure users. This tactic complicates the verification process for casual users, increasing the risk of them downloading scam apps. Additionally, these impersonators continue to target DeFi users, a group increasingly susceptible to fraud due to the complex nature of decentralized finance.
Curve Finance has urged app stores to enforce stricter security measures to prevent future scams. The company also advises users to double-check applications and report suspicious ones immediately. With DeFi scams on the rise, industry leaders and developers are calling for greater awareness, caution, and verification to safeguard assets and maintain user trust in the crypto ecosystem.
The post Scam App Impersonating Curve Finance Rises on Charts and Misleads Users appeared first on Crypto News Land.
Earn more CFN tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://cryptoforum.news0
CFN Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed