DeFiLlama Founder Empties Own Wallet to Force Apple to Remove Fake App

cryptonews.ruPublished on 2026-08-15Last updated on 2026-08-15

Abstract

The anonymous founder of DeFiLlama, 0xngmi, revealed he had to let a fake DeFiLlama app from the Apple App Store steal a small amount of cryptocurrency from his own wallet to prove it was fraudulent, after months of ignored trademark violation reports. Apple removed the app only after receiving this evidence. The fake app was a simple clone designed solely to steal users' secret recovery phrases. The founder disclosed the incident to warn other crypto teams, noting that scammers used defunct small businesses to pass Apple's verification. This prompted DeFiLlama to delay its official app launch until all clones were removed. The report highlights a broader issue of fraudulent apps and ads, citing similar incidents where users lost significant funds through cloned exchange platforms and fake Google ads.

0xngmi, the anonymous founder of analytics site DeFi Llama, said he downloaded a fake DeFiLlama app from the App Store, funded a small wallet, and let the app steal the money as proof of fraud.

Apple removed the app just days after it was reported, having ignored months of complaints about trademark infringement and impersonation.

How Did the DeFiLlama Founder Get Apple to Remove the Fake App?

In a series of posts on X on August 15, 2026, user 0xngmi stated that DeFiLlama spent months reporting the fake DeFiLlama app in the App Store to Apple through abuse and trademark infringement channels, citing impersonation and trademark violations, but no action was taken.

The app remained in the App Store until user 0xngmi funded a wallet with a small amount of cryptocurrency, installed the fake app, and confirmed it drained the funds. After he reported this to Apple, the app was removed within a few days.

"I understand it's crazy that you have to do this to protect users from clearly fake apps," he wrote, adding that he is publicizing this incident so other crypto teams "don't waste time like we did."

User 0xngmi described the fake app as a simple copy of DeFiLlama that someone "coded with vibeCode" solely to ask users for their seed phrase—the secret recovery words that provide full control over a crypto wallet.

He said the same scammers were spamming with clone apps of other major crypto brands and passing Apple's identity verification checks by registering under the names of bankrupt companies. In DeFiLlama's case, he said, the scammers passed their know-your-customer check using as an example a small, family-run shoe-cleaning business that was registered about 40 years ago and is no longer operational.

What Caused the Delay in DeFiLlama's App Launch?

The DeFiLlama team decided to delay the official app launch by several months until all fake versions were removed, so no user would accidentally download a fraudulent one.

DeFiLlama already uses LlamaSearch, a directory of verified crypto domains, precisely because search and app store results are so often manipulated.

Tracking impersonation cases, Cryptopolitan has recorded similar incidents on the App Store and other platforms. On August 14, 2026, a Hyperliquid trader lost about $550,000 in USDC after paid Google ads redirected him to a cloned version of the exchange. In May 2026, scammers tricked over $400,000 from Uniswap users through fake Google ads, with roughly 146 ETH ending up in two attacker addresses.

In November last year, Cryptopolitan also found a fake Hyperliquid app on the Google Play store.

end-content

Related Questions

QWho is 0xngmi and what action did they take regarding a fake DeFiLlama app?

A0xngmi is the anonymous founder of the DeFiLlama analytics site. They downloaded a fake DeFiLlama app from the App Store, deposited a small amount of cryptocurrency into a wallet, and allowed the app to steal it to provide proof of fraud to Apple.

QHow did 0xngmi finally get Apple to remove the fake app after months of complaints?

AAfter months of reporting the fake app through official channels for trademark violation and impersonation with no action, 0xngmi personally demonstrated the theft by letting the app steal funds from a wallet they controlled. After reporting this concrete evidence, Apple removed the app within a few days.

QWhat was the purpose of the fake DeFiLlama application according to 0xngmi?

AAccording to 0xngmi, the fake app was a simple copy of DeFiLlama created solely to trick users into entering their seed phrase, which gives full control over a cryptocurrency wallet.

QWhy did the DeFiLlama team delay the launch of their official mobile application?

AThe DeFiLlama team delayed their official app launch for several months to ensure all fake versions were removed first, preventing users from accidentally downloading a fraudulent application.

QWhat other similar incidents of app or ad impersonation in the crypto space are mentioned in the article?

AThe article mentions several other incidents: a Hyperliquid trader losing ~$550,000 after a paid Google ad redirected them to a cloned exchange site; scammers stealing over $400,000 from Uniswap users via fake Google ads in May 2026; and a fake Hyperliquid app being found on the Google Play Store in November of the previous year.

Related Reads

Only 14% of Russian Universities and Research Institutions Have Approved Rules for Using AI

Only 14% of Russian universities and scientific research institutes have officially approved internal regulations governing the use of artificial intelligence (AI), according to a survey conducted in May-June 2026 by HSE's Institute for Statistical Studies and Economics of Knowledge. The study involved 424 organizations, including 250 universities and 174 research institutes. It found that 72% of these institutions have no such regulations at all, while the remaining 14% did not provide an answer. This absence of formal rules exists despite the widespread practical use of AI in education. The survey highlights a significant gap between the rapid adoption of AI technologies and the slower pace of internal policy development within academia. In contrast, Russia is actively expanding the application of AI in school education. Since September 2026, a professional development program titled "Artificial Intelligence in the Teacher's Work" has been available, aiming to train 250,000 teachers on using neural networks for preparing lessons and assignments by the end of the year. A dedicated "Artificial Intelligence" track for schoolchildren has also been introduced. Thus, two parallel processes are unfolding: the state is promoting AI training for teachers and students, while higher education and research institutions largely lack unified internal guidelines for its use. The analysis suggests this regulatory lag is typical for new technologies, akin to the early adoption of email and the internet. In practice, students and educators are already utilizing AI tools, such as chatbots for routine tasks and exam preparation, regardless of official institutional policies. The key question remains whether future standards will be set by the educational institutions themselves or by the developers of the AI tools already integrated into the learning process.

cryptonews.ru16m ago

Only 14% of Russian Universities and Research Institutions Have Approved Rules for Using AI

cryptonews.ru16m ago

J.P. Morgan Report Analysis: Oracle Backlog Surges by $26 Billion, Funding Path Questioned

Morgan Stanley Report Analysis: Oracle's Backlog Grows by $26B, Funding Path in Question Oracle's F1Q27 remaining performance obligations (RPO) surged by $26 billion to $664 billion, a 46% year-over-year increase. Cloud infrastructure (IaaS) revenue hit $7.4 billion, up 121%. Morgan Stanley reiterated its Overweight rating with a $200 price target. The report highlights strong growth but ongoing investor debate over Oracle's funding capacity for its massive capital expenditure cycle. Key quarterly results showed total revenue of $19.35 billion (up 30%), beating consensus. IaaS growth of 121% significantly exceeded expectations, though gross margin of 61.0% was slightly below forecasts due to data center ramp-up costs. EPS of $1.92 beat estimates. The $26 billion sequential RPO increase included over $30 billion in new AI contracts. Management stated these contracts, structured with prepayments, vendor financing, or customer-purchased hardware (BYOH), require capex but not additional Oracle cash. Approximately half the RPO is expected to convert to revenue within 36 months. FY27 guidance was above consensus: revenue of at least $90 billion (up 34%) and EPS of $8.10. Capex is guided between $90-$95 billion, with net cash capex not exceeding $70 billion, implying $20-$25 billion in customer prepayments/vendor financing offsets. Management identified FY27 and FY28 as peak investment years but did not provide a timeline for positive free cash flow. Morgan Stanley expects Oracle will need to raise over $20 billion annually on average in coming years, with FCF remaining negative until at least FY30. Risks include high customer concentration (OpenAI accounts for over 50% of RPO), potential funding market tightening, and execution on capacity delivery and margin improvement. While the revenue path appears solid, the funding path remains a key hurdle for the market.

marsbit26m ago

J.P. Morgan Report Analysis: Oracle Backlog Surges by $26 Billion, Funding Path Questioned

marsbit26m ago

Crypto.com August Report: Risk Assets Rebound Across the Board, Crypto Market Re-enters Net Accumulation Cycle

**Crypto.com August 2026 Market Report: Risk Assets Rebound, Crypto Re-enters Accumulation** August saw a broad-based recovery across global risk assets. Cryptocurrencies led the gains, with Bitcoin (+25.0%), Ethereum (+32.6%), and Solana (+41.5%) posting strong returns. U.S. equity indices also rose, fueled by AI and semiconductor optimism following Nvidia's robust earnings. Most G20 central banks maintained a "wait-and-watch" stance on rates, with Brazil being the exception by cutting its Selic rate. Key market themes included potential trade friction, sovereign debt management, and the broader adoption of AI-driven capital expenditure. In crypto markets, all major DeFi categories grew, with oracles (+30.8%) leading by market cap. Institutional interest remained strong, with U.S. spot Bitcoin and Ethereum ETFs recording net inflows of $3.5B and $1.8B, respectively—their highest levels in nearly a year. Regulatory activity intensified in the U.S., UK, South Korea, Japan, and Brazil. TradFi developments highlighted growing institutional adoption: BlackRock launched tokenized money market funds, Wells Fargo announced plans for tokenized deposits, and Charles Schwab expanded its crypto offerings. Crypto.com introduced tokenized stocks and expanded its PayTM integration to Dubai Duty Free and REAL Jet. On-chain data indicated Bitcoin has re-entered a net accumulation phase, with apparent demand turning positive for the first time since February. Ethereum's roadmap update prioritized quantum readiness and user privacy. Solana expanded its remittance capabilities via a MoneyGram integration. Other notable updates included progress from Ethena Labs, World Liberty Trust, and community fund approvals on Cardano.

marsbit56m ago

Crypto.com August Report: Risk Assets Rebound Across the Board, Crypto Market Re-enters Net Accumulation Cycle

marsbit56m ago

Trading

Spot
活动图片