Phantom Wallet users have provided warnings regarding a fraudulent application that bears a striking resemblance to the genuine version, which has led to substantial financial losses.
According to reports, a Phantom wallet app that is fraudulently available on the Apple Store is capable of draining assets upon account recovery using a private key. Phantom Wallet and Solana users have been informed of the fraudulent application that imitates the legitimate Phantom Wallet.
The fraudulent application, which is published by Meta Voxify and has received only one-star reviews, is presented as an advertisement and bears a striking resemblance to the genuine application, which was developed by Phantom Technologies.
CryptoSlate can verify that the application is currently operational in the United Kingdom and may be accessible in additional regions. The fraudulent application is apparent at the top of the screen when searching for “Phantom,” and it appears to be legitimate without further investigation. The listing is in the “Education” category, as opposed to “Utilities,” where the original application is located. Additionally, the fraudulent application has been in the app store for “17 years,” rendering it significantly older than Solana and Bitcoin.
Alex Fazel, the co-founder of Swissborg, issued a cautionary note to users: “There is a Phantom wallet app in the Apple Store that appears to be legitimate, but it will immediately drain all of your assets upon regaining access to your account using a private key.”
This fraud has resulted in substantial financial losses, according to reports. Mende Matthias, the co-founder of the Dubai Blockchain Center, reported a theft from his Phantom wallet that exceeded $100,000 on June 25, 2025. He stated that the larceny occurred shortly after he received presale tokens, despite the fact that he had implemented stringent security measures. Matthias emphasized that he did not interact with suspicious links, which prompted him to express apprehension regarding the manner in which the security compromise occurred.
In order to prevent such frauds, Phantom Wallet users should exercise caution and only download applications from verified developers. The incident underscores the persistent challenges and risks that exist in the crypto space, emphasizing the importance of the community in sharing information and remaining informed about potential threats.
It also raises concerns regarding the security and vetting process of the AppStore, which exacerbates the arguments against enabling the sideloading of applications through third-party stores. Although the AppStore was once considered a pillar of security, the listing and advertisement promotion of a financial app clone that is a fraud is a significant concern for users.
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