US Musician Loses 5.9 BTC Due to Fake Ledger Wallet
According to The Block, U.S. musician Garrett Dutton (stage name G. Love) lost 5.9 BTC—worth approximately $420,000—after downloading and using a counterfeit Ledger wallet app from the App Store and entering his recovery phrase. On-chain analyst ZachXBT discovered that the attacker laundered the stolen Bitcoin via the KuCoin platform.
This incident once again exposes the security risks posed by fake wallet apps, reminding users to exercise heightened caution when downloading and using cryptocurrency-related applications, and to avoid entering sensitive information through unofficial channels.
