Unsuspecting users lost an estimated $1.6 million to a fake cryptocurrency wallet that somehow slipped through Apple’s strict app review process in February. Magazine follows a trail of clues on the blockchain to find out who’s behind the fake wallet.
The fraudulent app, posing as DeBank’s Rabby Wallet, remained on the App Store for four days, siphoning funds from multiple victims before Apple removed it.
“I never once thought it would be a scam since I had complete faith in the Apple App Store. About 20 to 30 minutes later, I opened my Rabby laptop wallet and saw my balance had basically gone to zero,” a fake Rabby wallet victim tells Magazine.
One of the earliest victims to highlight the scam was X user Bthemouth, who reported his funds had been drained to the Rabby Drainer (RD) wallet “0x652…0371F.”
Victims identify Rabby hacker’s wallet. (Bthemouth)
Blockchain analysis ties the RD wallet to “0x44Bd…9E480,” which was initially labeled “Konpyl” on the NFT marketplace OpenSea. While the account name has since been changed, its original label can still be verified at Arkham Intelligence, a blockchain data platform that tracks OpenSea accounts, among others.
A private investigator, who Magazine has confirmed is collaborating on the case with the authorities, claims that his investigation connects “Konpyl” to a larger web of at least 20 cases, and Magazine has independently confirmed links to seven of those.
The common denominator between this mountain of scams is the Konpyl address.
“He’s been doing this for about seven years, [and] he goes after users who put their life savings in some of this stuff, not like the big protocols,” the investigator tells Magazine.
Konpyl holds around $3 million in crypto assets as of Oct. 4. (Arkham Intelligence)
The investigator shared images of Know Your Customer (KYC) records with Magazine, which were allegedly submitted to…
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