Fake Curve Finance App Rises in Apple Store Rankings, Poses Risk to Users Worldwide
A deceptive app imitating the DeFi platform Curve Finance recently surged in popularity on the Apple App Store, ranking within the top 100 finance apps as of Oct. 26.
Despite numerous user reports labeling it a scam, the fraudulent app has gained traction across multiple regions, including Europe, the U.S., Latin America, Southeast Asia, and New Zealand, posing a threat to unwary users.
The app, under the developer name “Tao Duong Van” and branded as “Curve defi v3,” uses the Curve Finance logo and claims to offer typical DeFi services like token swapping and liquidity staking. However, user reviews have consistently rated it poorly, often labeling it a “scam” or “hacker” attempt. In an effort to appear credible, the app’s listing includes misleading information, falsely claiming a user base exceeding “30 million.”
READ MORE: Austrian Fraudsters’ Crypto Scam Leads to Lavish Lifestyle and Major Convictions
Social media alerts, including one from fintech engineer and scam watchdog Babu, have flagged the app, urging users to be cautious and report it to prevent further downloads. Curve Finance was contacted for comment but did not respond before publication.
This incident mirrors previous issues Curve Finance has faced with fake apps. In February, the company alerted users to a similar unauthorized app with a different developer, falsely boasting a 4.6 rating and describing itself as a tool for loan management. Users are advised to avoid and report suspicious apps while they remain listed on the platform.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
