A fake Phantom wallet app on the Apple Store has been reported to drain assets when users recover their accounts with a private key. Phantom Wallet and Solana users have been alerted to this fraudulent app, which mimics the legitimate Phantom Wallet.

The fake app, published by Meta Voxify and bearing poor 1-star reviews, appears as an ad and deceptively resembles the authentic application by Phantom Technologies. It is still available in the UK and possibly other regions. When searching for 'Phantom,' the fake app appears at the top of the results, seeming legitimate without closer inspection. It is categorized under 'Education' rather than 'Utilities,' where the real app is listed. The fake app claims to have been in the store for 17 years, which is unrealistic as it predates Solana and Bitcoin.

Swissborg co-founder Alex Fazel warned users about the fake app, stating:

"There is a fake Phantom wallet app in the Apple Store that looks real but will drain all your assets as soon as you recover your account with a private key."

Significant financial losses have been reported due to this scam. Mende Matthias, co-founder of the Dubai Blockchain Center, reported losing over $100,000 from his Phantom wallet on June 25, 2025. He noted the theft occurred soon after he received presale tokens, despite having robust security measures and avoiding suspicious links, raising concerns about the breach.

Phantom Wallet users are advised to download apps only from verified developers to avoid scams. This incident underscores the ongoing challenges and risks in the crypto space, emphasizing the need for the community to stay informed about potential threats.

Additionally, it raises concerns about Apple's App Store security and vetting process, exacerbating arguments against allowing sideloading of apps through third-party stores. The listing and promotion of a scam clone of a financial app on the App Store is a serious concern for users.