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Users Lose $588,000 in BTC by Downloading the Fake Ledger Live App

Published 11/05/2023, 11:38 PM
Updated 11/05/2023, 11:45 PM
© Reuters. Users Lose $588,000 in BTC by Downloading the Fake Ledger Live App
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  • A fake Ledger Live app appeared on the official Microsoft App Store, trapping users to download it.

  • Users who downloaded the fake app lost 16.8 BTC worth $588,000.

  • The hacker’s wallet currently holds $473,800 or 13.5 BTC after moving $115,200

Blockchain sleuth ZachXBT unearthed the appearance of a fake Ledger Live app on the official Microsoft App Store, causing a loss of more than 16 Bitcoins (BTC). As per a post dated November 5, shared by ZachXBT on X, users are trapped to downloading the scam, “Ledger Live Web3”, creating an illusion of Ledger Live, the Ledger hardware wallet’s user interface.

Currently, around 16.8 BTC worth $588,000 have been stolen by the scammer from users who have already downloaded the fake application. Reportedly, the first transaction in the exploiter’s wallet address was on October 24, which accounted for $5,210. Since November 2, the account has been…

The post Users Lose $588,000 in BTC by Downloading the Fake Ledger Live App appeared first on Coin Edition.

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