Curve Finance devs warn of fake app on Apple App Store

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Curve Finance developers have warned earlier today against an unauthorized app listed on Apple’s app store.

Beware of scams. There is no DeFi "Curve App" on @Apple App Store, but a fake with our logo was spotted! Stay safe pic.twitter.com/7LJYyLLgco

— Curve Finance (@CurveFinance) February 14, 2024

Copying their trademark and posing as the decentralized finance protocol, the app was built and published by a certain “MK Technology Co. Ltd,” which had no other apps on the store.

The app’s creators describe it as a “powerful app for managing your borrowers and their loans.” Interestingly, while the app is confirmed fake, it still has a rather good rating: 4.6 out of 5 stars, although these ratings only come from nine reviews.

It’s possible that the app could be a wallet-draining scam, given how it promotes a certain “puzzle game” inside it. However, some suspicion can be gleaned from how the app bypassed Apple’s security requirements, which have been known to be strict, especially on crypto apps. 

On June 21, 2023, Apple removed a malicious app copying the brand of Trezor, a crypto wallet provider. On February 5, 2024, Apple requested the dismissal of a consumer lawsuit against it, which accused the company of barring crypto apps and driving up fees for fiat-to-crypto platforms such as Venmo and Cash App.

According to Apple, it does not prohibit developers from publishing crypto apps, although it imposes certain licensing criteria for apps under review.

If the fake Curve Finance app does end up draining your wallet, there’s not much you could do. Apple has been protected by Section 230 of the Communications Decency Act (CDA) from liability for fraudulent crypto wallet apps distributed through the App Store. This means that Apple is not liable for damages arising out of or related to the use of third-party apps, including fraudulent crypto wallet apps.

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