Musician Loses $420K in Bitcoin via Fake Ledger App
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Musician Loses $420K in Bitcoin via Fake Ledger App

He later added that the incident was "my own damn fault for not being more diligent," and urged his followers to stay alert to scams.

Musician Loses $420K in Bitcoin via Fake Ledger App

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Bitcoin News

American musician Garrett Dutton, known professionally as G. Love, lost 5.9 BTC worth approximately $420,000 after downloading a malicious app impersonating Ledger Live from Apple's App Store and entering his seed phrase into it.

Dutton disclosed the loss on Saturday in a post to his 67,500 followers on X, saying he lost the coins "in an instant" after spending roughly ten years accumulating them as a retirement fund. He later added that the incident was "my own damn fault for not being more diligent," and urged his followers to stay alert to scams.
Blockchain investigator ZachXBT traced the stolen funds, reporting that Dutton's BTC had been routed to deposit addresses linked to crypto exchange KuCoin across nine separate transactions.

Dutton said he downloaded the malicious software on a new Apple MacBook Neo but did not specify which link he used to access it. Cointelegraph could not locate the fake Ledger app on the App Store at the time of writing, and Apple did not respond to a request for comment.

Fake Ledger Live apps have been used in similar attacks since at least 2023. That year, a counterfeit version on Microsoft's App Store resulted in nearly $600,000 in BTC losses across multiple victims. Microsoft acknowledged that the app had bypassed its review process and removed it shortly after.

The incident adds to a growing record of crypto-related losses. The U.S. Federal Bureau of Investigation reported on Tuesday that Americans lost more than $11 billion to crypto-related incidents in 2025, up from $9 billion the year before.

The case illustrates a persistent threat in self-custody, where users who hold their own private keys face direct exposure if those keys are ever entered into malicious software, regardless of how legitimate the interface appears.

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