MyEtherWallet Knockoff Version Tops IOS App Store Charts

Posted: Dec 11 2017, 7:07am CST | by , in News | Apple

 
MyEtherWallet Knockoff Version Tops iOS App Store Charts
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  • Fake Crypto Wallet Website Makes It Way to the Top of the App Store

A knockoff version of one of the world’s biggest crypto wallets 'MyEtherWallet' makes it way to the top of the app store despite Apple’s rigorous vetting process

Most of the times when we are installing any app from the App Store, we are relying on the fact that the authorities behind the App Store and the other users’ reviews. If it is there and it has great reviews from other users and it is among the top three of the finance category, it seems legit to download the app.

This is what happened in the case of an app which has been claiming to be MyEtherWallet.com. It is important to know that MyEtherWallet.com is a legitimate website which offers services for storing ETH and other crypto coins.

The app which has been masquerading as MyEtherWallet.com to the top of the iOS App Store charts and toppled bitcoin exchange Coinbase top Apple’s free download list in the U.S. in the process, according to TechCrunch.

Nam Le is the app developer’s name on the app which has no history of crypto or bitcoin services except maybe for two panda fighting games.

MyEtherWallet is one the company the most to lose in this scenario. They have already made it public and petitioned to Apple to take down the app.

In an official tweet, the company said; “This is NOT US. We have file reports and emailed and reported. Would appreciate the communities assistance in getting these scamtards out of our lives.”

The fake site will record the home delivery address which is legally sharable. It allows users to create or import a wallet to store cryptocurrencies independently of an exchange. That means that the website will have full detailed information about the users wallet and finances.

The iOS app costs $4.99 and it first landed on the App Store just over a week ago. So, as a safety warning, no one should download any app with the name MyEtherWallet.com.

This story may contain affiliate links.

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
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