American musician G. Love lost 5.9 BTC, approximately 420,000 dollars, due to a fake Ledger wallet

American musician Garrett Dutton (stage name G. Love) lost 5.9 BTC, amounting to approximately $420,000, after downloading and using a fake Ledger wallet app from the App Store and entering his recovery phrase.

On-chain analyst ZachXBT discovered that the attacker had laundered the stolen Bitcoin through the KuCoin platform. This incident once again exposes the security risks of counterfeit wallet applications and reminds users to be vigilant when downloading and using cryptocurrency-related apps, avoiding entering sensitive information through unofficial channels.