Magazine follows a trail of clues left behind by the fake Rabby Wallet scammer to uncover a network of scams and links to a Dubai crypto CEO.
Unsuspecting users lost an estimated $1.6 million to a fake cryptocurrency wallet that somehow slipped through Apples strict app review process in February. Magazine follows a trail of clues on the blockchain to find out who’s behind the fake wallet.
The fraudulent app, posing as DeBanks Rabby Wallet, remained on the App Store for four days, siphoning funds from multiple victims before Apple removed it.
I never once thought it would be a scam since I had complete faith in the Apple App Store. About 20 to 30 minutes later, I opened my Rabby laptop wallet and saw my balance had basically gone to zero, a fake Rabby wallet victim tells Magazine.
