News linked to both this project and an event.
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.
According to ZachXBT, BitcoinDepot filed an 8-K on April 6, 2026, stating that it discovered the theft of 50.9 BTC on March 23; on-chain tracking shows that 19 high-confidence theft addresses had already transferred a total of 54.45 BTC as early as March 20—3.55 BTC more than disclosed—and the funds ultimately flowed into KuCoin, indicating the company may have detected the anomaly three days late.