Users lose $9.5M to fake Ledger wallet app on the Apple App Store
4 hours ago
- #Cryptocurrency Scam
- #Malware
- #Bitcoin Theft
- A musician known as G. Love lost 5.9 BTC (~$445,000) after accidentally downloading a malicious Ledger app from the Apple Store when switching to a new computer.
- Crypto investigator zachxbt traced some stolen funds through KuCoin, an exchange recently fined and exited U.S. markets due to licensing and anti-money laundering issues.
- Three largest victims each suffered seven-figure losses from the scam.
- Apple removed the malicious app from the App Store on April 13, six days after its initial addition.