{"id":16200,"date":"2026-04-17T15:03:57","date_gmt":"2026-04-17T13:03:57","guid":{"rendered":"https:\/\/www.blog.bim.finance\/?p=16200"},"modified":"2026-04-16T23:41:09","modified_gmt":"2026-04-16T21:41:09","slug":"g-love-fake-ledger-app-apple-store-5-92-btc","status":"publish","type":"post","link":"https:\/\/www.blog.bim.finance\/en\/g-love-fake-ledger-app-apple-store-5-92-btc\/","title":{"rendered":"Musician loses $424,000 in Bitcoin to fake Ledger app"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"16200\" class=\"elementor elementor-16200\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7c7a41b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7c7a41b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dd9dc7b\" data-id=\"dd9dc7b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5f78617 elementor-widget elementor-widget-heading\" data-id=\"5f78617\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Musician loses retirement savings to fake Ledger app<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-79ffcc4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"79ffcc4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9c3d08f\" data-id=\"9c3d08f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2fcbac7 elementor-widget elementor-widget-text-editor\" data-id=\"2fcbac7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\">American musician G. Love lost his retirement fund to a fake Ledger application listed on Apple&rsquo;s Mac App Store. The Philadelphia-based artist, whose real name is Garrett Dutton, posted on X that all his Bitcoin was gone in an instant after switching to a new computer. On-chain investigator ZachXBT traced 5.92 BTC, worth approximately $424,000 at the time. Everything through nine separate transfers to deposit addresses at the KuCoin exchange. The stolen funds were laundered through the centralised exchange after the attack, which is a common technique for converting cryptocurrency to fiat currency.<\/p><p class=\"p1\">G. Love held the Bitcoin for roughly a decade as his long-term retirement savings. The post received over 759,000 views on X and sparked over 360 replies from the cryptocurrency community. Ledger Chairman and CEO Pascal Gauthier responded to the incident by confirming the exploit was the result of a malicious file distributed via compromised websites and package managers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8dd56eb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8dd56eb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3069e0a\" data-id=\"3069e0a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-abb9fcf elementor-widget elementor-widget-image\" data-id=\"abb9fcf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"380\" src=\"https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-13-at-14.53.49.png?fit=800%2C380&amp;ssl=1\" class=\"attachment-large size-large wp-image-16202\" alt=\"G. Love - X (Twitter)\" srcset=\"https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-13-at-14.53.49.png?w=1834&amp;ssl=1 1834w, https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-13-at-14.53.49.png?resize=300%2C142&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-13-at-14.53.49.png?resize=1024%2C486&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-13-at-14.53.49.png?resize=768%2C364&amp;ssl=1 768w, https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-13-at-14.53.49.png?resize=1536%2C729&amp;ssl=1 1536w, https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-13-at-14.53.49.png?resize=18%2C9&amp;ssl=1 18w, https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-13-at-14.53.49.png?w=1600&amp;ssl=1 1600w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">G. Love - X (Twitter)<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-77ef372 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"77ef372\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6024633\" data-id=\"6024633\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e82f2a0 elementor-widget elementor-widget-heading\" data-id=\"e82f2a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How the fake Ledger app captured the seed phrase instantly<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cb9e747 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cb9e747\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5cd9251\" data-id=\"5cd9251\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2113b2 elementor-widget elementor-widget-text-editor\" data-id=\"c2113b2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\">The fraudulent application was listed on Apple&rsquo;s Mac App Store under a developer account unaffiliated with Ledger. It presented itself visually and functionally as the legitimate Ledger Live desktop client, the companion software users install to manage their hardware wallets. When G. Love downloaded the app during his device migration to a new Apple computer, it prompted him to enter his 24-word recovery phrase. This request is a major red flag. Why? Genuine Ledger Live never asks users to type their seed phrase into desktop software. The real Ledger device is the only trusted place to enter the recovery phrase, using its own physical screen and buttons. Once G. Love entered his 24-word seed phrase into the fake app, the attackers had full access to the wallet&rsquo;s private keys and drained the funds immediately.<\/p><p class=\"p1\">This attack vector is notable because it exploited trust in Apple&rsquo;s Mac App Store, a distribution channel most consumers believe is thoroughly vetted. Ledger&rsquo;s official stance is that users should never enter their seed phrase in any digital form, including on a computer or in an app. Attackers who impersonate Ledger and attempt to steal the 24-word Secret Recovery Phrase are running phishing scams. The incident also raises questions about how the fake app bypassed Apple&rsquo;s review process, given that the Mac App Store is designed to screen applications before they reach users.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8d9935f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8d9935f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5877165\" data-id=\"5877165\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f31c217 elementor-widget elementor-widget-text-editor\" data-id=\"f31c217\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Sources:<\/strong><\/p><ul><li><a href=\"https:\/\/x.com\/glove\/status\/2043047396322451700\">X (Twitter)<\/a><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Musician G. Love lost his retirement savings to a fake Ledger app listed on Apple&rsquo;s Mac App Store. The 24-word seed phrase was captured instantly.<\/p>","protected":false},"author":18,"featured_media":16225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[169,132],"tags":[170],"ppma_author":[145],"class_list":["post-16200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","category-news","tag-markets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Musician loses $424,000 in Bitcoin to fake Ledger app - BIM Blog<\/title>\n<meta name=\"description\" content=\"American musician G. 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