After a fake version of the Ledger cryptocurrency wallet app made it onto the normally highly curated Apple App store, customers lost $9.5&nbsp;million dollars to the malicious product. Believing it was a genuine Ledger product, people entered their <button class="define-target" id="seed-phrase">seed phrases</button> into the app, then discovered their wallets were immediately drained.<p>One victim, a musician who goes by G. Love, wrote: "I lost my retirement fund in a hack/Scam when I switched my Ledger over to my new computer and by accident downloaded a malicious ledger app from the Apple store. All my BTC gone in an instant." According to him, he lost 5.9&nbsp;BTC (~$445,000).</p><p>Crypto sleuth zachxbt traced some of the stolen funds through Kucoin, a Chinese cryptocurrency exchange that was <a href="https://www.web3isgoinggreat.com/?id=kucoin-pleads-guilty" target="_blank">recently fined and forced to exit US markets</a> over licensing and anti-money laundering failures. "The three largest victims lost seven figures each," he wrote.</p><p>Apple removed the malicious app from their App Store on April 13, six days after it had been added.</p>


"A fake Ledger app on the Apple App Store drained $9.5 million in crypto"

Archived tweet

Tweet thread by G. Love: