Shocking fake ghost wallet warning issued

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In an alarming development for the cryptocurrency community, an urgent warning has been issued regarding a fake Ghost Wallet on the Apple App Store draining users’ funds.

This fraudulent app, masquerading as a popular Phantom wallet, was reportedly developed by a company called “Meta Voxify AI”. It is important to note that the original Phantom wallet is developed by Phantom Technologies Incorporated.

Users have reported that the fake app looks almost identical to the real Phantom wallet, making it difficult to distinguish at first glance. However, there are critical differences. Once downloaded, the app only allows users to import an existing wallet rather than create a new one, which is a major red flag.

When users enter their seed phrases, believing they are accessing their legitimate wallets, they unwittingly hand over their keys to scammers.

Related

App Store reviews are flooded with warning messages, labeling the app a “scam” and warning others that it is not the official Phantom app. Some users have reported serious financial losses as a result of using this fraudulent Phantom wallet.

Security measures

In light of this, cryptocurrency users should proceed with extreme caution and verify the legitimacy of cryptocurrency wallets before downloading them. If they have possibly installed this fake Phantom wallet, it is crucial to remove it immediately and change the wallet credentials to protect their funds.

Other steps include verifying the wallet developer; Cryptocurrency users should constantly check the developer’s name to avoid scams. For example, Phantom, a multichain wallet that supports Solana, Bitcoin, Ethereum, and Polygon, was developed by Phantom Technologies Incorporated.

Related

Also, cryptocurrency holders you would do well to read the reviews carefully. They should look for any warnings or negative reviews that mention scams or security issues. They are also encouraged to use official links and download crypto wallets only from official websites or verified links provided by the developers.

Cryptocurrency users should also be wary of apps that only allow importing, as legitimate wallets should offer the ability to create a new wallet, not just import existing ones.

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