A fake Ledger Live app on the Apple App Store led to the loss of 5.92 $BTC , worth $424K. American musician Garrett Dutton downloaded the app, entered his 24 word seed phrase, and unknowingly gave attackers full access to his wallet.
The incident highlights ongoing risks around wallet security and app store verification. Even trusted platforms can host malicious apps, and entering a seed phrase into any unofficial interface remains one of the most critical vulnerabilities in crypto.
Attention now shifts to Apple's review process and whether stricter controls will follow. Users are watching for platform accountability and renewed focus on self custody safety standards.