FakeWallet iOS Apps in Apple App Store Stole Cryptocurrency Seed Phrases
Researchers identified a FakeWallet campaign that placed at least 26 malicious iOS apps in Apple’s App Store, where they impersonated well-known cryptocurrency wallets including MetaMask, Ledger, Trust Wallet, Coinbase, TokenPocket, imToken, and Bitpie. The apps primarily targeted users in China, taking advantage of the fact that many legitimate crypto wallet apps were unavailable in the local App Store, and used typosquatting, fake branding, and phishing flows to redirect victims to browser-based credential theft pages or trojanized wallet installers. Investigators said the operation had likely been active since at least late 2025, and Apple was notified and removed several of the identified apps.
The malware used multiple techniques to steal wallet secrets from both hot-wallet and cold-wallet companion apps, including malicious dylib injection, executable hooking, provisioning profiles, and React Native code tampering. For hot wallets, the implants scraped mnemonic seed phrases and private keys directly from wallet interfaces; for Ledger-themed variants, the apps displayed convincing in-app prompts and fake verification pages to trick users into entering recovery phrases. Stolen data was RSA PKCS #1-encrypted, Base64-encoded, and sent to attacker-controlled servers, and researchers assessed the activity may be linked to the SparkKitty threat based on shared modules, Chinese-language artifacts, similar fake App Store-style distribution, and overlapping cryptocurrency theft objectives.

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How this story unfolded
5 events from the most recent confirmed update back to the earliest known activity.
Apple is notified and removes several malicious App Store apps
After identifying the malicious applications, researchers reported them to Apple. Several of the FakeWallet apps were subsequently removed from the App Store.
Researchers link FakeWallet activity to SparkKitty malware
During their analysis of the campaign, researchers found overlap with SparkKitty modules and assessed that the threat actor may be linked to SparkKitty based on shared targeting, Chinese-language artifacts, and similar fake App Store-style distribution methods. They also observed related Android samples distributed through phishing sites.
Researchers uncover 26 FakeWallet phishing apps in Apple's App Store
In March 2026, researchers identified a large iOS-focused FakeWallet campaign involving more than twenty phishing apps, including 26 apps impersonating wallets such as MetaMask, Ledger, Trust Wallet, Coinbase, TokenPocket, imToken, and Bitpie. The apps redirected users to phishing pages or trojanized wallet installers designed to steal seed phrases and private keys.
FakeWallet campaign begins operating by fall 2025
Researchers assessed that the FakeWallet cryptocurrency-stealing campaign had been active since at least fall 2025. The operation used fake wallet branding and App Store-style distribution to target cryptocurrency users, primarily in China.
ESET traces trojanized wallet theft campaign back to May 2021
ESET reported a cryptocurrency-stealing campaign targeting Android and iPhone users via trojanized wallet apps and fake wallet websites, primarily aimed at Chinese users. The company said the activity dated back to at least May 2021 and involved impersonation of major wallet brands, malicious code inserted into otherwise functional apps, and broad distribution through fake sites, social media, and messaging channels.
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Sources
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26 FakeWallet Apps Found on Apple App Store Targeting Crypto Seed Phrases
thehackernews.com
Open sourceCrypto stealing wallet apps proliferate in Apple App Store | brief | SC Media
scworld.com
Open sourceChina's Apple App Store infiltrated by crypto-stealing wallet apps
bleepingcomputer.com
Open sourceESET Research discovers scheme to steal cryptocurrency from Android and iPhone users | | ESET
eset.com
Open sourceFakeWallet crypto stealer spreading in the App Store | Securelist
securelist.com
Open sourceFakeWallet crypto stealer spreading in the App Store | Securelist
securelist.com
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