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CryptoUpdated×2•Originally published 12 April 2026•Updated 14 April 2026•

1 min read

Fake Ledger App on Apple App Store Drains $424,000 in Bitcoin

Golden Bitcoin coins and wallets in front of the US Capitol building and American flag, with an upward trend graph.

Key Facts

1Musician G. Love lost nearly 6 BTC (approximately $400,000) due to a fake application.

2The malicious app was downloaded from Apple's official Mac App Store.

3The theft occurred after the user entered his recovery phrase into the fraudulent software.

about 2 months ago

Version History

10 additional sources confirmed this story

Version 2about 2 months ago

What changed: Specified the exact amount of Bitcoin lost (5.92 BTC) and noted that these funds constituted the victim's entire retirement savings.

Version 1about 2 months ago

What changed: Identified the musician's full name and band affiliation, and updated the estimated loss valuation to $424,000.

Musician Garrett Dutton, known as G. Love, has reportedly lost 5.92 BTC, valued at approximately $424,000, after falling victim to a fake Ledger application. The artist revealed that the stolen funds constituted his entire retirement savings, highlighting the devastating personal impact of the security breach. The incident occurred via a malicious app impersonating Ledger Live that was downloaded directly from Apple’s official Mac App Store. This breach raises significant concerns regarding Apple's vetting processes for cryptocurrency-related software within its ecosystem. The theft was executed after Dutton entered his private recovery phrase into the fraudulent interface, granting attackers full access to his assets. Security experts reiterate that hardware wallet recovery phrases must never be entered into any digital application or shared online.