![](\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/safe.png\")
<\/p>\nTen years of cautious saving worn out in a single afternoon. That\u2019s what occurred to Garrett Dutton, the American musician often called G. Love, who misplaced 5.9 Bitcoin \u2014 value roughly $420,000 \u2014 after a malicious app tricked him into freely giving the one factor he was by no means presupposed to share.<\/p>\n
A Retirement Fund Built Over Years<\/h2>\n
Dutton had been stacking Bitcoin since 2017, treating it as a long-term retirement plan. On Saturday, he posted about the loss<\/a> on X, telling his 67,500 followers the cash had vanished instantly.<\/p>\n He stated he downloaded what seemed to be the Ledger Live app \u2014 a self-custody crypto utility \u2014 from Apple\u2019s App Store<\/a> on a brand new MacBook. The app was faux. Once inside, it prompted him to enter his seed phrase. He did. The cash was gone.<\/p>\n Blockchain investigator ZachXBT traced the stolen funds shortly after, discovering that the Bitcoin<\/a> had been moved to deposit addresses tied to the crypto change KuCoin throughout 9 separate transactions.<\/p>\n I had a extremely robust day at the moment I misplaced my retirement fund in a hack\/Scam after I switched my @Ledger<\/a> over to my new pc and accidentally downloaded a malicious ledger app from the @Apple<\/a> retailer. All my BTC gone instantly.<\/p>\n \u2014 G. Love (@glove) April 11, 2026<\/a><\/p>\n<\/blockquote>\n KuCoin responded to ZachXBT\u2019s submit with a press release sometimes addressed to its clients. Dutton didn’t disclose which hyperlink led him to the fraudulent obtain.<\/p>\n This shouldn’t be the primary time scammers have pulled off this actual transfer. Back in 2023, a counterfeit model of the Ledger Live app appeared on Microsoft\u2019s app retailer and drained almost $600,000 from a number of customers earlier than it was eliminated.<\/p>\n Hi I traced out your 5.92 BTC stolen and it was all laundered by way of @kucoincom<\/a> deposit addresses within the following transactions:<\/p>\n 6f5c8eb6b01774626f33527e0cb03c0d1860447acacd6079e69bf41b459bcf1f \u2014 ZachXBT (@zachxbt) April 12, 2026<\/a><\/p>\n<\/blockquote>\n Microsoft later acknowledged the app had made it via its overview course of undetected. Apple had not responded to a request for remark.<\/p>\n Dutton\u2019s case is one piece of a a lot bigger drawback. According to the US Federal Bureau of Investigation, Americans misplaced greater than $11 billion to crypto-related fraud<\/a> in 2025 \u2014 up from $9 billion the 12 months earlier than.<\/p>\n Seed phrases are the grasp keys of self-custody crypto wallets. No authentic pockets utility asks customers to kind one right into a display. That\u2019s the road Dutton crossed with out realizing it \u2014 and by the point he did, there was nothing left to get better.<\/p>\n Featured picture from Pexels, chart from TradingView<\/em><\/p>\n Editorial Process<\/strong> for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent overview by our workforce of prime expertise specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n![\"Crypto\"](\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2026\/04\/a_885af9.jpg?resize=1024%2C763\")
<\/p>\nGarrett Dutton, aka G Love. Source: The Ark<\/pre>\n
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\u201cI been in the crypto circus since 2017,\u201d he wrote in a follow-up submit. \u201cToday they caught me off guard. It was my own damn fault for not being more diligent. But let it serve as a warning. There\u2019s so many scams.\u201d<\/h4>\n<\/blockquote>\n
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<\/p>\nImage: Da-kuk by way of Getty Images<\/pre>\n
Fake Wallet Apps Have Fooled People Before<\/h2>\n
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9ee1288f941b2c3775ebd125eefeebdc713aa160bf2cf9d18661fd07f84ce891\u2026<\/p>\n<\/p>\n
BTCUSD presently buying and selling at $70,879. Chart: TradingView<\/a><\/pre>\n
Bitcoin Losses Across The Country Keep Growing<\/h3>\n
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