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Fake Ledger Application Steals $588K Worth of BTC From Microsoft Store

Fraud According to cryptocurrency investigator ZachXBT, users who downloaded a fraudulent Ledger Live application from Microsoft's app store lost around $600,000 in Bitcoin BTC.On November 5, the on-chain researcher discovered the fraud known as "Ledger Live Web3." It deceives people into believing that they are installing "Ledger Live," which is a user interface for offline
According to cryptocurrency investigator ZachXBT, users who downloaded a fraudulent Ledger Live application from Microsoft’s app store lost around $600,000 in Bitcoin BTC.

On November 5, the on-chain researcher discovered the fraud known as “Ledger Live Web3.” It deceives people into believing that they are installing “Ledger Live,” which is a user interface for offline cryptocurrency storage on Ledger hardware wallets.

The scammer has received over 16.8 BTC worth of $588,00 over the course of 38 transactions using the wallet address “bc1q….y64q,” according to Blockchain.com. After two transfers totaling about $115,200, the scammer’s wallet now has $473,800, or 13.5 BTC, in it.

Scammer address:
bc1qg05gw43elzqxqnll8vs8x47ukkhudwyncxy64q

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Thankfully, the fake application has now been taken down, a Microsoft spokesperson confirmed saying:

“This application has been removed, and we’re working hard to make sure malicious content is found and removed as soon as possible.”

On October 24, a $5,210 transaction was sent to the wallet address of the scammer. The wallet had not been used prior to that. The majority of these transactions have taken place since November 2, with the highest transfer on November 4 being $81,200.

ZachXBT even asserted that Microsoft “should be held liable” for permitting the fraudulent Ledger Live software to exist in its app store, claiming to have received two messages from victims on November 4.

Additionally, this is not the first time a fake Ledger Live app has entered Microsoft’s app store.
Ledger’s support account on X (formerly Twitter) informed its users about a fake Ledger Live app on two separate occasions in December and March.

Ledger has not yet responded to the fraud, but in the past, it has reminded customers that downloading Ledger Live from its website, ledger.com, is the “only safe place.

Wasif Shakir

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