Loading… Loading… Loading…
Ledger Live is an app that allows ledger hardware wallet users to access and send their assets. A fake app named, Ledger Live Web3 on the Microsoft Corp MSFT App Store led users to assume that they were installing the actual Ledger Live interface for offline cryptocurrency storage.
What Happened:Cryptocurrency detective ZachXBT said that the scammer received about 16.8 Bitcoin BTC/USD , or $588,000, in 38 transactions using a particular wallet address, CoinDesk reported.Around $115,200 has been removed from the scammer's wallet in two transactions, leaving a balance of $473,800 or 13.5 BTC.
Community Alert: There is currently a fake @Ledger Live app on the official @Microsoft App Store which was resulted in 16.8+ BTC ($588K) stolen
Scammer address
bc1qg05gw43elzqxqnll8vs8x47ukkhudwyncxy64q pic.twitter.com/rOZ0ZWRWbn ZachXBT (@zachxbt) November 5, 2023
Read Next: BitKey, A Bitcoin Hardware Wallet From Jack Dorsey's Block, Launches Soon
The initial transaction happened on Oct. 24 for $5,210 BTC. The transactions have been occurring since Nov. 2, including the largest transfer of $81,200 on Nov. 4.
An additional $180,000 had also been stolen from the Ethereum blockchainand BNB Smart Chain (BSC), leading to atotal theft of $770,000.
This news comes on the heels of Benzingas Future Of Digital Assets Event in New York scheduled on Nov.14. Attend and learn more about how fake apps and scams are making their way into customers accounts and stealing funds. The gathering is seen as pivotal for the digital assets community.The event will spotlight the latest trends, innovations,and challenges in the digital asset realm.
Background
The fake Ledger Live Web3 application was visible in Microsofts app store as early as Oct. 19 and has now been removed, Cointelegraph reported.
This is not the first time a fake app managed to sneak not Microsofts app store. In December and March, Ledgers support account informed its users about a fake Ledger Live app.
Meanwhile, last week saw a crypto thief stealing $4.4 million worth of crypto in a single day as the toll from the LastPass breach continued to escalate. LastPass, a cloud-based storage service, is a platform that stores and encrypts password information for users.
Industry titansBlackRock,DTCC,OCC,State Street,Socit Gnrale,Hedera,Citi,BMO,Northern Trust,Citibank,Amazon,S&P Global,Google,Invesco, andMoodyswill join our November 13Fintech Deal Dayand November 14Future of Digital Assets. Secure a spot here to join them.
Also Read: SafePal Breaks New Ground With Open-source Wallet Suite And X1 Bluetooth Hardware Here's All You Need To Know
Photo: ShutterstockLoading… Loading… Loading…
