"Musician G. Love lost 5.92 BTC to a fake Ledger app on the Apple Mac App Store on April 11, 2026. The stolen stash at press time is worth $424,175."
"The fake app prompted him to enter his 24-word seed phrase, also called a secret recovery phrase. Once he typed it in, the attackers drained his bitcoin holdings immediately."
"Onchain investigator ZachXBT quickly traced the funds. He confirmed approximately 5.92 BTC was stolen and allegedly laundered across nine transactions into Kucoin deposit addresses."
"Public reaction on X was divided. Many users expressed sympathy. Others raised questions about the plausibility of the story, noting that Ledger hardware wallets are designed to be secure."
Musician G. Love lost nearly 5.9 BTC, worth $424,175, after downloading a fake Ledger app from the Apple App Store. The app prompted him to enter his 24-word seed phrase, leading to the immediate draining of his bitcoin holdings. Onchain investigator ZachXBT confirmed the stolen funds were laundered through Kucoin deposit addresses. Ledger warns users to only download software from their official website to avoid seed phrase theft. G. Love publicly disclosed the loss on social media, seeking assistance from followers.
Read at news.bitcoin.com
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