Fake Ledger Live app sneaks into Microsoft's app store, $588K stolen

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A scammer has managed to steal $588,000 in Bitcoin from users downloading a fake Ledger Live app on Microsoft’s app store, according to on-chain analyst ZachXBT.

The on-chain analyst spotted the scam, “Ledger Live Web3” on Nov. 5, which is tricking users into thinking that they’re downloading “Ledger Live” — a user interface for Ledger hardware wallets to store cryptocurrency offline.to Blockchain.com. About $115,200 has left the scammer’s wallet across two transactions, leaving it with $473,800 or 13.5 BTC.The first transaction sent to the scammer’s wallet address took place on Oct. 24, worth $5,210. Prior to that, the wallet hadn’t been used.

A search by Cointelegraph found the fake “Ledger Live Web3” application appeared in Microsoft’s app store as early as Oct. 19.ZachXBT said they have received two messages from victims on Nov. 4 and even argued that Microsoft “should be held liable” for allowing the fake Ledger Live app to appear in its app store.Ledger’s support account on X informed its users about a fake Ledger Live app on two separate occasions in December and March.

Ledger hasn’t commented on the scam but has previously iterated to users that the"only safe place" to download Ledger Live is from its website, ledger.com.

 

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