GoKawiilFake Padre Terminal app on Apple App Store drains $23K from Solana wallets
A counterfeit crypto trading app called Padre Terminal was distributed through Apple's App Store and linked to the theft of roughly $23,000 from 27 Solana wallets, according to blockchain investigator Iris. The app allegedly drained funds after users entered their private keys, and has since been removed from the App Store. Iris traced the stolen funds to a Solana wallet address and said the attacker converted USDC holdings into SOL to avoid having funds frozen.
GoKawiil's interpretation of the reporting above, not reported fact.
The case highlights how fraudulent apps can slip past Apple's App Store review process and impersonate legitimate crypto platforms, potentially eroding user trust in official app marketplaces as a safeguard. Investigator Iris's inability to determine how all 27 wallets were compromised suggests the scam may have used multiple distribution channels beyond the App Store listing. The attacker's quick conversion of stablecoins to SOL indicates an apparent effort to dodge issuer-level fund freezes, a tactic that could complicate recovery efforts.
- A fake Padre Terminal app on Apple's App Store was linked to theft of about $23,000 from 27 Solana wallets.
- The app reportedly drained funds once users imported their private keys, and has since been removed from the App Store.
- The attacker converted stolen USDC into SOL, apparently to prevent Circle from freezing the funds.
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Published there as: “Fake crypto app on Apple App Store linked to $23K wallet theft”
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