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Fake Ledger Live App on Apple App Store Led to About $9.5 Million in Losses

Fake Ledger Live App on Apple App Store Led to About $9.5 Million in Losses

According to the latest reported findings, a counterfeit Ledger Live app on Apple’s App Store affected more than 50 users and routed stolen crypto through over 150 KuCoin deposit addresses before laundering.

BTC
SOL
XRP

Fact Check
The available evidence leans toward the claim being real: both the Bitcoin.com article and the PANews article independently report the same core facts, including the amount of 5.92 BTC, the fake Ledger app on Apple’s App Store, and ZachXBT tracing the funds to KuCoin-related deposit addresses. PANews also directly links the claimed original X post, and the Odaily item traces to the same @glove post URL. However, the strongest primary evidence—the X post by @glove and any direct statement from ZachXBT—could not be fetched, and additional web/X corroboration searches returned no results in this run. Because the claim relies heavily on social-media-originated assertions that were not directly retrievable here, the correct terminal assessment is insufficient_evidence rather than likely_true.
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Summary

A fake Ledger Live app on Apple’s App Store reportedly caused about $9.5 million in losses across more than 50 users, significantly expanding the scope beyond the earlier report involving a single victim. The stolen assets included Bitcoin, EVM-chain tokens, TRON, Solana, and XRP. The funds were moved through more than 150 KuCoin deposit addresses before being laundered via AudiA6, and the fraudulent app has since been removed from the App Store. The incident has intensified concerns about counterfeit wallet apps, crypto theft through trusted app marketplaces, and the effectiveness of platform review controls.

Terms & Concepts
  • Ledger Live: Ledger’s software interface for managing crypto wallets and digital assets; fake versions can be used to steal wallet credentials or seed phrases.
  • EVM-chain tokens: Tokens issued on blockchains compatible with the Ethereum Virtual Machine, allowing Ethereum-style smart contracts and applications.
  • XRP: The native digital asset associated with the XRP Ledger, commonly used for payments and transfers.