A new scam targeting cryptocurrency users is emerging, using the Apple App Store as a platform to distribute fake trading apps. These deceptive applications exploit popular Web3 platforms by cloning their design and mimicking their features, fooling unsuspecting users into believing they’re legitimate. 🤯 Hackers are buying old developer accounts on the App Store, then renaming these apps to resemble well-known crypto exchange services. This tactic makes the fraudulent apps appear highly trustworthy in search results. When a user downloads one of these apps, transfers funds, and there’s no confirmation or security measures, their cryptocurrency instantly disappears, leaving them with significant financial losses. 💸 🤯 A notable example involved two users losing over $28,000 through this scam on the X platform. A user commented that a fake app requested their private key—a red flag indicating its authenticity and legitimacy. This practice is gaining traction as hackers leverage the excitement surrounding current crypto trends and take advantage of established platforms. 📈 It’s important to be cautious when downloading apps from unknown sources, especially in the volatile world of crypto. Stay informed about these types of scams to protect your digital assets! 💪