Blockchain sleuth ZachXBT mentioned Garrett Dutton’s 5.9 Bitcoin has already been despatched to deposit addresses related to KuCoin.
Garrett Dutton, an American musician higher often known as “G. Love,” mentioned he misplaced $420,000 value of Bitcoin after putting in a malicious app impersonating the self-custody crypto app Ledger Dwell from Apple’s App Retailer and coming into his seed phrase.
“I had a extremely powerful day,” Dutton told his 67,500 followers in a put up on X on Saturday, including that he misplaced his 5.9 Bitcoin (BTC) stash “immediately” after spending about 10 years accumulating the cash to safe his retirement.
In a follow-up put up, crypto sleuth ZachXBT said that Dutton’s Bitcoin has been despatched to deposit addresses linked to the crypto trade KuCoin throughout 9 transactions. KuCoin replied to the put up with a press release sometimes addressed to prospects.
The incident highlights a continued drawback that dangerous actors have posed within the crypto business. On Tuesday, the US Federal Bureau of Investigation reported that Americans lost over $11 billion from crypto-related incidents in 2025, up from the $9 billion recorded the earlier yr.
Associated: Hong Kong retiree loses $840K in triple ‘crypto expert’ scam
Dutton said he was tricked into sharing his seed phrase after downloading the malicious software program on his new Apple MacBook Neo however didn’t share which hyperlink he used.
“I been within the crypto circus since 2017. As we speak they caught me off guard. It was my very own rattling fault for not being extra diligent. However let it function a warning. There’s so many scams,” he added.
Cointelegraph was unable to seek out the faux Ledger app on Apple’s App Retailer on the time of writing. Cointelegraph reached out to Apple for remark however didn’t obtain a direct response.
Pretend Ledger apps have appeared on Microsoft’s retailer
Scammers have been adopting this faux Ledger app technique since a minimum of 2023.
That yr, nearly $600,000 worth of Bitcoin was stolen from a number of customers who downloaded a faux Ledger Live utility from Microsoft’s app retailer.
Microsoft admitted that the malicious app had bypassed its overview course of and took it down shortly after.
Journal: Asia Express: Phantom Bitcoin checks, China tracks tax on blockchain
