Fake Ledger App Steals $9.5M from Victims
April 14, 2026 at 14:22
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✦ AI Summary
- A counterfeit Ledger Live app has defrauded users of $9.5 million
- More than 50 victims have been identified, linked to a KuCoin mixer
- Concerns about Apple's responsibility in the incident are being raised
A counterfeit version of the Ledger Live app available on the Apple App Store has been implicated in a staggering $9.5 million in cryptocurrency thefts. Analyst ZachXBT has connected the funds of over 50 victims to a mixer associated with the KuCoin exchange. This incident raises significant questions regarding the potential liability of Apple for allowing such malicious applications on its platform.
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