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

Ledger hasnt commented on the scam but has formerly repeated to users that the “only safe place” to download Ledger Live is from its website, ledger.com.Cointelegraph reached out to Microsoft for comment but did not get an instant response.Magazine: Account abstraction supercharges Ethereum wallets: Dummies guide

In a follow up post, ZachXBT kept in mind that Microsoft might have removed the fake Ledger Live app from its platform.The first transaction sent out to the fraudsters wallet address took location on Oct. 24, worth $5,210. A search by Cointelegraph found the phony “Ledger Live Web3” application appeared in Microsofts app store as early as Oct. 19. Source: MicrosoftZachXBT stated they have received 2 messages from victims on Nov. 4 and even argued that Microsoft “should be held responsible” for allowing the phony Ledger Live app to appear in its app store.Sadly received two messages about this from victims today.

Related: Ledger hardware wallet presents cloud-based private key recovery tool It isnt the first time a phony Ledger Live app has actually made its way into Microsofts app shop either.Ledgers assistance account on X (previously Twitter) informed its users about a phony Ledger Live app on two different events in December and March. Hey #ledger usersBeware of phony Ledger Live apps published on the Microsoft StoreThe only safe place to download Ledger Live is on our websitehttps:// t.co/ cDLX1rEWPfLedger will NEVER ask you for your 24-word recovery phrase ❌ Stay safe pic.twitter.com/0dXTJ7FeuO— Ledger Support (@Ledger_Support) December 26, 2022

Almost $600,000 in Bitcoin (BTC) has been taken from users who downloaded a fake Journal Live application on Microsofts app shop, according to cryptocurrency sleuth ZachXBT.The on-chain analyst identified the rip-off, “Ledger Live Web3” on Nov. 5, which is fooling users into believing that theyre downloading “Journal Live”– an interface for Ledger hardware wallets to keep cryptocurrency offline.Approximately 16.8 BTC worth $588,000 has actually been received by the fraudster across 38 transactions utilizing wallet address, “bc1q … y64q,” according to Blockchain.com. About $115,200 has actually left the scammers wallet throughout 2 deals, leaving it with $473,800 or 13.5 BTC.Community Alert: There is presently a fake @Ledger Live app on the main @Microsoft App Shop which was resulted in 16.8+ BTC ($ 588K) stolenScammer addressbc1qg05gw43elzqxqnll8vs8x47ukkhudwyncxy64q pic.twitter.com/rOZ0ZWRWbn— ZachXBT (@zachxbt) November 5, 2023