Apple fake MyEtherWallet app got removed as stated by the company on Monday. It removed the paid iOS application from its App Store after MyEtherWallet, stated that the App was inappropriately using its name.
12 December, AtoZForex – MyEtherWallet (MEW) is one of the most popular services for cryptocurrencies, but does not have an official application on the AppStore. An application disguising itself as MEW was released last week, rising to #3 in the Finance category over the weekend. MEW responded to a tweet with "This is NOT US" and requested it to be taken down. Apple has since removed the application.
The developer of the unofficial application known by the name Nam Le does not seem to have had any connection with cryptocurrency applications until now. Rather he is the creator of games on the AppStore, such as Panda Warrior: Kung Fu Awesomeness, Mr. Beard: IceholeFishermans, and an Apple Watch app called “Wrist Count”.
Apple fake MyEtherWallet app got removed
It is unclear how the copycat managed to swivel itself into the AppStore. Apple is known that have the strongest policy in this respect, but some frauds still manage to slip through. It is especially alarming when a nefarious application not only makes it through the rigorous verification process but also becomes so popular that it takes the top of a category.
Apple, in The App Store Review guidelines, states that “apps created from a commercialized template or app generation service will be rejected”. Nevertheless, it has gone under a lot of fire for quality control. As fake apps continue popping up in the store, especially in the gaming category, Apple has been putting forward stronger clean-up efforts.
MyEtherWallet (MEW) was released in July 2015 and, unlike its $4.99 lookalike, is a free, open source tool for creating wallets that store Ether (ETH) tokens and other assets of the platform. However, it is important to note that MEW is not an online wallet. Although it allows creating new wallets in your web browser, all information and funds are stored on your computer – nothing on the MEW servers. The developers emphasize that MEW is “Foss4lyfe”, meaning they do not endorse profiting from free and open-source software.
Don't get phished, please!
Ethereum, second only to bitcoin in market cap, has skyrocketed in popularity since MEW’s release. Therefore, it is no surprise that scams in the world of cryptocurrencies have become so common.
The latest the series of big cryptocurrency thefts being the $77 million bitcoin heist from NiceHash, a Slovenian website. In fact, so many users have been targeted and hackers that even on their homepage, MEW warns its users: "DON'T GET PHISHED, please! Thank you!" and offers detailed tutorials on how to avoid phishing attacks.
When using cryptocurrency wallets, investors and traders are advised to exercise caution and ensure they are using authentic versions of the applications and sites. One site that offers such service is Ethereum Scam Database, which keeps track of known cryptocurrency scams. Among those listed, a notable number of websites are ones pretending to be MEW.
This article was written by Nini Gigani, Vice-President of ISM Debating Society.
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