Crypto Trading App FOMO Denies iOS Hack After Trader Claims $6M Loss
TL;DR:
- Crypto trading app FOMO denied that a hack in its iOS version caused the $6M in losses reported on social media.
- Co-founder Prashan Dharmasena rejected the accusations, noting that the cited wallet has no transactions signed by its fee payer.
- ZachXBT identified the author of the original complaint as a co-founder of ZKasino, a project accused of stealing $30M from investors.
The Solana ecosystem was the setting this week for a controversy involving FOMO, a crypto trading application that closed a Series B round of $75 million led by Index Ventures at a valuation of $550 million.
An X user known as Derivatives_Ape claimed that a recent update to the iOS version of FOMO caused total losses of around $6 million, citing as an example the case of a “friend” who allegedly lost 662 SOL, equivalent to approximately $62,000, upon opening the application.
EXPLOIT HAPPENING RIGHT NOW ON THE LATEST @fomo iOS APP
6 hours ago FOMO updated its iOS app for "Small bug fixes" and they must have accidentally added something malicious in its new code.
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