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Fraudulent Cryptocurrency App in Mac App Store Stole $9.5 Million From 50-Some Users from Daring Fireball RSS feed.

Fraudulent Cryptocurrency App in Mac App Store Stole $9.5 Million From 50-Some Users

Molly White, at Web3 Is Going Just Great:

After a fake version of the Ledger cryptocurrency wallet app made it onto the normally highly curated Apple App store, customers lost $9.5 million dollars to the malicious product. Believing it was a genuine Ledger product, people entered their seed phrases into the app, then discovered their wallets were immediately drained.

One victim, a musician who goes by G. Love, wrote: “I lost my retirement fund in a hack/Scam when I switched my Ledger over to my new computer and by accident downloaded a malicious ledger app from the Apple store. All my BTC gone in an instant.” According to him, he lost 5.9 BTC (~$445,000).

The legit (if that adjective can be used for cryptocurrency apps) Ledger Live Mac app is only available as a direct download from Ledger’s website. They also do have an app in the App Store, but it’s iPhone-only.