Users who downloaded a fraudulent Ledger Live app from Microsoft's app store were scammed, resulting in the theft of approximately $600,000 in Bitcoin (BTC).
Users who downloaded a fraudulent Ledger Live app from Microsoft's app store were scammed, resulting in the theft of approximately $600,000 in Bitcoin (BTC).
The fake app, dubbed "Ledger Live Web3," misled users into thinking they were installing the actual Ledger Live interface for offline cryptocurrency storage, according to cryptocurrency detective ZachXBT.
The scammer received about 16.8 BTC, or $588,000, in 38 transactions using the wallet address "bc1q....y64q." $115,200 has been removed from the scammer's wallet in two transactions, leaving a balance of $473,800 or 13.5 BTC.
According to ZachXBT, Microsoft may have removed the fraudulent app from their platform. The initial transaction happened on October 24, with the majority of transactions occurring since November 2, including a large transfer of $81,200 on November 4.
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