🚨 FAKE LEDGER APP ON APPLE STORE DRAINS $424K IN BITCOIN
A fake “Ledger Live” app on the Apple Mac App Store has reportedly wiped out a user’s entire Bitcoin holdings.
American musician Garrett Dutton lost 5.92
$BTC ($424,000) after downloading the app and entering his 24-word seed phrase, unknowingly handing full access to attackers.
On-chain investigator ZachXBT traced the stolen funds to exchange deposit addresses and raised serious questions about how the malicious app bypassed Apple’s review process.
Apple has not issued a public statement yet.
This incident highlights one of the most dangerous attack vectors in crypto today not protocol hacks, but user-level deception through fake apps.
Even when custody tools are trusted, the weakest link remains human behavior under social engineering pressure.
A single seed phrase entry is enough to completely override all technical security layers.
What makes this case more alarming is the distribution channel an official app marketplace, not a random website or phishing link.
It raises a bigger question about platform responsibility versus user responsibility in protecting digital assets.
As crypto adoption grows, so does the sophistication of impersonation attacks targeting wallets, exchanges, and security tools.
Security in crypto is no longer just about code… it is about attention.
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