– Almost $600,000 in Bitcoin has been stolen from users who downloaded a fake Ledger Live application on Microsoft’s app store.
– The scam, known as “Ledger Live Web3,” tricks users into thinking they are downloading the legitimate Ledger Live user interface for storing cryptocurrency offline.
– The scammer received approximately 16.8 BTC worth $588,000 across 38 transactions using the wallet address “bc1q….y64q.”
– About $115,200 has been transferred out of the scammer’s wallet across two transactions, leaving them with $473,800 or 13.5 BTC.
– The fake app appeared on Microsoft’s app store as early as October 19, and it is unclear how long it was available before being removed.
– This is not the first time a fake Ledger Live app has appeared on Microsoft’s app store.
– Ledger has previously warned users that the only safe place to download Ledger Live is from their official website.
– Microsoft has not yet responded to requests for comment on the incident.
