Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto Wallets => Topic started by: NikeFit_7777 on July 17, 2024, 09:42:33 AM

Title: Fake Phantom Wallet
Post by: NikeFit_7777 on July 17, 2024, 09:42:33 AM
Careful, scam. A fake Phantom wallet appeared in the App Store. When trying to install the wallet to work with Solana, users lost their money. The fake app asks for a recovery phrase and thus accesses users' funds.

Always check what you install on your phone. If you have any doubts about the authenticity of the wallet, you can check the installation links on the official website or on Twitter.

(https://i.ibb.co/RjcGQvN/image.png)
Title: Re: Fake Phantom Wallet
Post by: Charles-Tim on July 17, 2024, 09:49:59 AM
What do you means by App store. Is it the application store for Apple users? Fake apps are getting common on App Store, especially since last year.

People can easily know fake apps. Only what to do is to check the numbers of people that have downloaded the app. If the people that have downloaded it are not many, the app is fake. Like Phantom wallet, I will expect at least 50000+ people to have downloaded it.

I prefer to go to a wallet website to get the download file or to get the link to the application store.
Title: Re: Fake Phantom Wallet
Post by: MrSpasybo on July 17, 2024, 04:57:32 PM
Quote from: NikeFit_7777 on July 17, 2024, 09:42:33 AM
Careful, scam. A fake Phantom wallet appeared in the App Store. When trying to install the wallet to work with Solana, users lost their money. The fake app asks for a recovery phrase and thus accesses users' funds.

Always check what you install on your phone. If you have any doubts about the authenticity of the wallet, you can check the installation links on the official website or on Twitter.
I tried searching but couldn't find this fake crypto wallet app recommendation, maybe the App Store has removed it to protect users. The market is developing and new scams are constantly popping up.

In general, users will easily install and use the recommended crypto wallet app without checking its reputation. Users should go to the website of the crypto wallet project and get the link to their mobile app, which is a simple but effective way to protect crypto assets.
Title: Re: Fake Phantom Wallet
Post by: God Of Thunder on July 18, 2024, 02:33:12 PM
This isn't good!

I used to trust sources like the the Play SStore,, and I thought the the App Store wawas good as well. But I was wrong. I have seen a couple of fake apps on Playstore as well. Unfortunately, when people discover that it's a fake app, they already lose their money. I use electrum on my android as well and I am glad that I did not installed any fake apps yet. This is another alerming thing you shared and reminded me to check twice before I install any app.

+1
Title: Re: Fake Phantom Wallet
Post by: bee on July 19, 2024, 03:20:34 PM
Phantom's official website only provides a QR code without a readable link to go to their appstore page. I think this is also a poor security practice, can't imagine what if their site was compromised and they didn't realize that the QR code had redirected to a fake page.
Title: Re: Fake Phantom Wallet
Post by: bitterguy28 on July 22, 2024, 11:54:59 AM
Quote from: NikeFit_7777 on July 17, 2024, 09:42:33 AM

(https://i.ibb.co/RjcGQvN/image.png)

I tried checking the Apps but seems not found ,is this in Apple store or in Google play?

also how come that there will be a victim of this when its obvious that there are very few download in this comparing to the legit Phantom wallet installer?

maybe they are just targeting newbies but people now are already aware of those fake sites and for some time now , there are no even one victim that I see here and in Bitcointalk forum.
which means one thing that this scammers frustrations does not bringing them any good .
Title: Re: Fake Phantom Wallet
Post by: joniboini on July 23, 2024, 08:15:30 AM
Quote from: bitterguy28 on July 22, 2024, 11:54:59 AM
I tried checking the Apps but seems not found ,is this in Apple store or in Google play?
also how come that there will be a victim of this when its obvious that there are very few download in this comparing to the legit Phantom wallet installer?
That's the Apple App Store UI, as mentioned above. There can be many reasons why people fall for such a trick. For example, they don't bother checking the download numbers, and reviews, they are redirected from a phishing website that looks similar to the official ones, etc. There are tons of ways people fall for scams, don't underestimate people's lack of caution or stupidity.
Title: Re: Fake Phantom Wallet
Post by: hugeblack on July 23, 2024, 10:59:02 AM

The number of reviews is 1 and the number of downloads is low. It is true that scam rate in Apple App Store is less, but this does not mean that you download a wallet without checking the signature.
And if the wallet is closed source with a few reviews, it is better to avoid it even if there are thousands of downloads.
Title: Re: Fake Phantom Wallet
Post by: SamReomo on July 23, 2024, 11:38:38 PM
Quote from: NikeFit_7777 on July 17, 2024, 09:42:33 AM
A fake Phantom wallet appeared in the App Store. When trying to install the wallet to work with Solana, users lost their money. The fake app asks for a recovery phrase and thus accesses users' funds.
That's why it's always recommended to have some technical knowledge before investing in cryptocurrencies. The scammers are trying their best to loot the money of the crypto investors and that's why they're creating such applications. Everyone should double-check the details of such applications before using them.