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Fake MyEtherWallet application becomes #3 in Finance in AppStore

10 December 2017 21:00, UTC

According to the official Twitter of MyEtherWallet.com, the service users could easily compromise their personal data by downloading the third-party malicious application which supposedly could steal it. 

The report from TechCrunch specifies that the app, in fact, might have worked fine, as there were not any cases of users writing anything about hacks in the feedback section, but both MyEtherWallet and journalists imply that it’s never safe to provide personal data to a middleman — ironically, cryptocurrency sphere often boasts it can cut the middleman in many financial activities.

The digital currency enthusiasts received this news with anger, pointing out that Apple did not allow legitimate Ethereum wallet apps into their AppStore marketplace, and here they are opening the gates for scammers. Twitter users also note the amusing “Polininex” typo made by alleged scammers (Poloniex is the correct spelling of this Bitcoin exchange). The application also costed $4.99, which is not very much in America, but it’s a bigger sum in the third world countries the residents of which might have bought it.

Apple and MyEtherWallet both recently had some reputation losses, by the way: the former introduced a new iPhone model which started a controversy instead of full appraisal, and the latter was attacked by hackers this autumn.