The cryptocurrency community faced a significant security breach when a fake Ledger Live application, titled “Ledger Live Web3,” appeared in the Microsoft App Store, leading to substantial financial losses for unsuspecting users. Notorious for mimicking the genuine interface of Ledger’s hardware wallet application, this fraudulent software managed to siphon off a sizeable sum before its removal.
Cryptocurrency investigator ZachXBT first brought attention to this scam on November 5, 2023, warning users of the counterfeit application. Analysis of the transactions to the scammer’s Bitcoin address (bc1q…y64q) revealed the theft of approximately 16.8 Bitcoins, amounting to around $588,000, through 38 transactions. Further scrutiny indicated an additional address associated with the scheme accumulating roughly $180,000 across the Ethereum and Binance Smart Chain networks.
Microsoft responded by removing the deceptive application…
