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Fake Ledger Live app on Apple App Store drains 5.9 BTC from G. Love – TON BOT

Fake Ledger Live app on Apple App Store drains 5.9 BTC from G. Love

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A fraudulent app on Apple’s App Store stole $420,000 in Bitcoin from musician G. Love. The app bypassed Apple’s security to target Ledger users. After downloading it, G. Love entered his recovery phrase, leading to the theft. The stolen Bitcoin was transferred to KuCoin. Similar scams are on the rise, with losses totaling $11 billion in the U.S. in 2025. Scammers are also targeting hardware wallet owners through physical mail. Ledger and Trezor are under scrutiny for security breaches exposing customer information.

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