fomo co-founder denies an unproven iOS exploit claim

Updated Fact-checked November 10, 2026 5 sources
Short answer

On 23 August 2026 an X account claimed a fomo iOS update had drained users' Solana wallets, with about $6 million in losses. A fomo co-founder replied that the wallet it cited had never had a transaction signed by fomo's fee payer. Protos and Crypto Economy reported both sides; neither found evidence that the app caused any loss, and the $6 million figure came with no breakdown.

Two outlets Incident

The claim

At 10:05 UTC on 23 August 2026 an X account posted that the latest fomo iOS update, shipped hours earlier as “small bug fixes”, must contain something malicious. It said a friend had watched 662 SOL leave his wallet while the app still showed the balance, that only iOS was affected and that losses were “around $6m so far”. It told people to delete the app. It named no other victims and gave no method for the $6 million.

The denial

About two hours later fomo co-founder Prashan Dharmasena replied on X that people “can just come on this app and blatantly lie”, linked the transaction, and said the “victim” account had not a single transaction signed by fomo’s fee payer, the wallet fomo uses to pay network fees for its users’ trades.

What the outlets found

Protos confirmed that a real transfer of 662 SOL left the cited wallet 14 minutes before the post. It did not find anything linking that transfer to the app, and it noted Dharmasena’s point is narrower than saying the wallet never touched fomo. Protos also reported that ZachXBT, an on-chain investigator, had previously identified the account behind the claim as a co-founder of ZKasino, a project accused of taking investor funds. The app stayed in the App Store. Crypto Economy reported the same facts the same day.

What we could not verify

Whether anyone lost funds because of the app, and the $6 million figure. We found no later evidence either way, and no forensic report. fomo says its wallets are non-custodial, held by you rather than by fomo. Only install fomo from the official app stores, and see our support and scams guide and is fomo legit?.

In this story

How we verify: every entry is checked against a primary source (fomo's help centre, terms, blog, release notes or X posts, read through Internet Archive copies where fomo's site blocks automated readers; or a partner's own announcement), chain data, or at least two independent outlets, before it is published. JomoBench is independent and unofficial: we are not fomo or FOMO Labs Inc. No price calls and no coin picks. Most small tokens lose most of their value. All news · Fee and terms change log · Methodology

Sources

  1. Protos: Crypto trading platform FOMO denies hack of its iOS app (24 August 2026)
  2. Crypto Economy: Crypto trading app FOMO denies iOS hack after trader claims $6M loss (24 August 2026)
  3. The allegation on X, 23 August 2026, 10:05 UTC
  4. The co-founder's reply on X, 23 August 2026, 12:14 UTC
  5. fomo help centre: Creating your fomo account, on its non-custodial wallets (read 2026-11-10)