Are you aware of the latest threat to cryptocurrency users?
Scammers have once again capitalized on unsuspecting individuals, this time through a fake Ledger Live app found on Microsoft’s app store.
Users, believing they were downloading the legitimate application, ended up falling victim to a deceitful scheme, resulting in the loss of approximately 16.8 BTC, equivalent to $588,000.
With previous warnings issued about fake Ledger Live apps, it is crucial for cryptocurrency users to remain vigilant and only download applications from trusted sources.
Key Takeaways
- A fake Ledger Live app was discovered on Microsoft’s app store, tricking users into downloading it.
- The scammer behind the fake app received approximately 16.8 BTC worth $588,000.
- The stolen bitcoin was transferred across 38 transactions, with the largest transfer amounting to $81,200.
- Users lost funds due to the fake app, emphasizing the importance of staying vigilant and practicing security measures.
Discovery of Fake Ledger Live App on Microsoft’s App Store
The discovery of the fake Ledger Live app on Microsoft’s app store has raised concerns among cryptocurrency users. This deceptive app tricked users into believing they were downloading the genuine Ledger Live app, resulting in the scammer receiving approximately 16.8 BTC worth $588,000. The wallet address used by the scammer was bc1q….y64q.
While it is believed that Microsoft may have removed the fake app from its platform, the stolen Bitcoin remains a significant issue. In total, $588,000 was stolen across 38 transactions, with the largest transfer amounting to $81,200. The scammer’s wallet is now left with $473,800 or 13.5 BTC.
This fraudulent app first appeared on October 19, with most transactions occurring since November 2. It is important for cryptocurrency users to remain cautious and only download the genuine Ledger Live app from ledger.com to avoid falling victim to such scams.
Stolen Bitcoin and Transactions
Following the discovery of the fake Ledger Live app on Microsoft’s app store, the stolen Bitcoin and transactions associated with the scam have become a significant concern for cryptocurrency users.
Approximately $588,000 worth of Bitcoin was stolen across 38 transactions. The largest transfer amounted to $81,200, leaving the scammer’s wallet with $473,800 or 13.5 BTC. The first transaction to the scammer’s wallet occurred on October 24 for $5,210.
It is important to note that this is not the first time a fake Ledger Live app has appeared on Microsoft’s app store. Ledger support had previously warned users about fake apps in December and March, emphasizing that the genuine Ledger Live app should only be downloaded from ledger.com.
As scammers continue to target cryptocurrency users, it is crucial to stay vigilant and practice security measures to protect funds.
Previous Instances of Fake Ledger Live Apps on Microsoft’s App Store
Continuing the discussion on the discovery of the fake Ledger Live app on Microsoft’s app store, there have been previous instances of fake Ledger Live apps appearing on the platform.
This is not the first time that scammers have targeted users with counterfeit Ledger Live apps. In December and March, Ledger support warned users about the presence of fake apps on Microsoft’s app store. They emphasized that the genuine Ledger Live app should only be downloaded from their official website, ledger.com.
However, Ledger has not yet commented on the current scam. Microsoft, on the other hand, has not provided an immediate response to inquiries regarding the fake app.
These previous instances highlight the importance of staying vigilant and practicing security measures, as scammers continue to target cryptocurrency users.
Conclusion
In light of the recent discovery of a fake Ledger Live app on Microsoft’s app store, it is evident that scammers continue to exploit unsuspecting cryptocurrency users. The consequences of this deceit have resulted in significant financial loss for victims.
As scammers persistently target cryptocurrency users, it is imperative for individuals to remain vigilant and exercise caution when downloading applications. Trusting only reputable sources is crucial to safeguarding one’s assets in the ever-evolving landscape of cybersecurity threats.
The idiom ‘knowledge is power’ holds true in this situation, emphasizing the importance of staying informed and educated about potential scams in the cryptocurrency space.
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