FOMO Denies iOS App Hack as Trader Claims $6 Million in Crypto Losses

A trader accused FOMO’s iOS app of causing about $6 million in crypto losses, but the company is denying that its app was hacked. The allegation appeared in a social media post that cited one example: a user who allegedly lost 662 SOL, worth about $62,000, after opening the FOMO app on iPhone. FOMO co-founder Prashan Dharmasena pushed back hard. "It’s crazy that people can just come on this app and blatantly lie," he said, adding that the wallet named in the complaint had no transaction signed by FOMO’s fee payer. The original accusation came from Derivatives_Ape, an X account focused on Solana trading commentary. That account was not the alleged victim. Instead, the post said a friend had lost the funds. According to forensic researcher ZachXBT, Derivatives_Ape is a co-founder of Zkasino who "stole $30 million of investor funds." ZachXBT identified the account as Zkasino co-founder Elham Nourzai, though the handle appeared to be controlled by another Zkasino co-founder, Ildar Elham. Protos said the transaction in the post is real. The screenshot is authentic and comes from solscan.io, a Solana block explorer. It shows 662 SOL moving out of the cited wallet 14 minutes before the allegation was posted. What remains disputed is causation. Dharmasena is challenging whether any bug in FOMO triggered the transfer, and whether the transfer was unauthorized at all. FOMO said in its security documentation that it "cannot access, move, or freeze your funds," which would make a server-side drain difficult if the app truly follows a self-custodial model. The company also has a large backer roster. It closed a $17 million Series A led by Benchmark in September 2025, with Chetan Puttagunta joining the board. It later raised a $75 million Series B led by Index Ventures at a $550 million valuation, with Union Square Ventures also participating. Balaji Srinivasan and Solana co-founder Raj Gokal are investors. Dharmasena repeated his denial to at least two other accusers. He also argued that the wallet named in the complaint never signed a transaction through FOMO’s own fee payer, though that is narrower than saying the wallet never touched the app. A third-party account defended FOMO as well, saying "There’s a few other users posting the same text, probably paid by competitors," and adding that the specific wallet named was "not created through @fomo" at all. As of writing, FOMO’s iOS app is still live in Apple’s App Store.