Platform Scams

Extradited Developer and Fake Phantom Wallet App Highlight Apple Store Security Breaches

Our goal is to work towards the most concise TLDR of current crypto relative scams in the marketplace. So that you can skim it and rip it. Move on with your day and place crypto related things in crypto related places. This does mean we have AI helping out and possible causing SKYNET level chaos. But we also have humans looking at things. All Hail Roko's basilisk.
Post Views 273

Malicious crypto wallet app fraud charges Apple Store

Posted By  Clayton Graves
These are the top 5 hardware wallets that we have reviewed!

Malicious Crypto Wallet Apps on Apple Store Lead to Fraud Charges and Major Financial Losses

Introduction

Recent incidents involving malicious crypto wallet apps on Apple's App Store have led to significant financial losses for users and subsequent fraud charges against developers. Nikita Andreevich Sklyuev, also known as Valeriy Dorojkin, was extradited and charged with wire fraud for submitting a fraudulent crypto wallet app. Simultaneously, a fake Phantom wallet app mimicked the legitimate wallet, draining user funds. These cases underscore the urgent need for rigorous app store security measures to prevent such scams.


Summary of facts
After we complete our TLDR summary of this article, we trigger an AI to check what our author wrote against what is factually mentioned in the article. The we ask it to score the  AI's confidence that this 'fact' is indeed 'true'. 

  • Defendant: Nikita Andreevich Sklyuev (also known as Valeriy Dorojkin); developers of the fake Phantom Wallet
  • Crime: Wire fraud and fraudulent use of unauthorized access devices; publishing malicious cryptocurrency wallet apps
  • Amount Defrauded: $11.8 million by Sklyuev; significant losses, including $100,000 from Matthias (co-founder of the Dubai Blockchain Center) by the fake Phantom wallet
  • Method: Submitted malicious cryptocurrency wallet apps to the Apple App Store, stealing private keys and accessing users' funds
  • Sentence Received: Sklyuev is awaiting extradition hearing on July 3, 2024; faces up to 20 years in prison and a $250,000 fine. No legal proceedings detailed for the Phantom wallet developers.
  • Investigating Authorities: U.S. Department of Justice (DOJ)
  • Additional Penalties: N/A
  • Prosecutor’s Statement: N/A

How We Work

All products recommended by CryptoScamWatch.com are selected by our editorial team. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Breakdown of the Timeline for this alleged scam:
  • June 2018: Nikita Andreevich Sklyuev submitted the malicious app EOSIO Wallet Explorer to the Apple App Store, disguised as a legitimate cryptocurrency wallet.
  • September 2018: A victim in Western New York installed the app and lost control of approximately $11.8 million in cryptocurrency. Sklyuev transferred the stolen funds to various online wallets under his control.
  • 2023-2024: A fake Phantom wallet app was published on Apple's App Store by Mota Voxify, listed as an educational app. Users who installed the app and entered their private keys had their funds stolen, including $100,000 from Matthias.
  • July 2024: Sklyuev was extradited from Ukraine to the U.S., facilitated by cooperation between the U.S., Romania, and Ukraine. He awaits his hearing on July 3, 2024.
Legal Implications:
The cases of Sklyuev and the fake Phantom wallet highlight the vulnerabilities in app store vetting processes and the severe consequences of malicious software in the cryptocurrency space. Users face significant financial losses, and there is an urgent need for more stringent security measures and legal recourse for affected users. Sklyuev faces up to 20 years in prison and a $250,000 fine if convicted, setting a precedent for the legal consequences of such fraud.
Summary:

Recent incidents involving malicious crypto wallet apps on Apple's App Store have led to significant financial losses and subsequent fraud charges. Nikita Andreevich Sklyuev, also known as Valeriy Dorojkin, was extradited to the U.S. and charged with wire fraud for submitting a fraudulent crypto wallet app, EOSIO Wallet Explorer, resulting in $11.8 million in losses. Simultaneously, a fake Phantom wallet app mimicked the legitimate wallet, draining user funds, including $100,000 from Matthias, co-founder of the Dubai Blockchain Center. These cases underscore the urgent need for rigorous app store security measures to prevent such scams and protect cryptocurrency investors.

These are the top hardware wallets that we have reviewed!
Entity Related Search Terms
Nikita Andreevich Sklyuev Nikita Andreevich Sklyuev fraud, Valeriy Dorojkin crypto scam
EOSIO Wallet Explorer EOSIO Wallet Explorer fraud, malicious crypto wallet app
$11.8 million $11.8 million crypto theft, multi-million dollar crypto scam
Fake Phantom Wallet Fake Phantom wallet app, malicious Phantom wallet
Apple App Store Apple App Store scam, crypto scam Apple Store
Phantom Technologies Incorporated Phantom wallet, legitimate Phantom app
Mota Voxify Mota Voxify fake app, Voxify scam
Meta Voxify Meta Voxify app, educational app scam
Matthias Matthias blockchain center, Matthias crypto loss
$100,000 $100,000 crypto loss, Matthias $100,000 scam
Buffalo, NY Buffalo crypto fraud, crypto arraignment Buffalo
June 2018 June 2018 crypto app, June 2018 EOSIO Wallet Explorer
September 2018 September 2018 crypto theft, September 2018 EOSIO Wallet
July 3, 2024 July 2024 extradition hearing, July 3, 2024 crypto fraud
U.S. Department of Justice (DOJ) DOJ crypto investigation, DOJ wire fraud charges
Romania and Ukraine Romania Ukraine extradition, international crypto fraud cooperation
Reference Source: [1] https://news.bitcoin.com/malicious-crypto-wallet-app-submitted-to-apple-store-leads-to-fraud-charges/
Reference Source: [2] https://crypto.news/fake-phantom-wallet-breaches-apples-app-store-draining-crypto-assets/

Happy to Provide useful information.

recieve crypto

We provide all research and information based on the time we have available. If you feel that this information has helped you pick or avoid a thing - and you would like to share the love then these are the tokens that AI has recommended as being 'in high fluidity'

However we require nothing - and will continue to find these scams as they appear.

Of course, cash is king, and buying stuff is awesome.

Only send tokens to this address on Ethereum Mainnet (ETH)

Address:

0x098B28d1721d645fA406e8734c037c7D1FD70daD

Only send tokens to this address on Bitcoin Mainnet (BTC)
Address:
bc1qdu5rpel9hjr5rgzg4x3k6946gy6ay9eynjs0l5
Only send tokens to this address on BNB Smart Chain (LTC)
Address
0x098B28d1721d645fA406e8734c037c7D1FD70daD
Only send tokens to this address on BNB Smart Chain (USDC)
Address:
0x098B28d1721d645fA406e8734c037c7D1FD70daD
Only send tokens to this address on Ethereum Mainnet Tether (USDT)
Address:
0x098B28d1721d645fA406e8734c037c7D1FD70daD
Only send tokens to this address on BNB Smart Chain (BNB)
Address:
0x098B28d1721d645fA406e8734c037c7D1FD70daD
Only send tokens to this address on Solana Mainnet Beta (SOL)
Address:
b6QRUrVdP8Q3Vtcp7fcrx5s7WTemZVDsz9L5PTXkbMw
Only send tokens to this address on BNB Smart Chain (DOGE)
Address:
0x098B28d1721d645fA406e8734c037c7D1FD70daD
Only send tokens to this address on Solana Mainnet Beta (ADA)
Address:
b6QRUrVdP8Q3Vtcp7fcrx5s7WTemZVDsz9L5PTXkbMw
Only send tokens to this address on BNB Smart Chain (DOT)
Address:
0x098B28d1721d645fA406e8734c037c7D1FD70daD
If you have found errors, unfold and provide some feedback please. and thankyou
Page Error Report
Get the latest news on crypto scams delivered to your inbox
Crypto Scamwatch Subscription Form
These are the top hardware wallets that we have reviewed!
These are the top hardware wallets that we have reviewed!
Visit our FacebookVisit our InstagramVisit our Twitter
Copyright © 2024 Crypto Scam Watch

How We Work

All products recommended by CryptoScamWatch.com are selected by our editorial team. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram