The Fake Ledger App That Stole $430,000

In April this year, musician Garrett Dutton lost close to $430,000 in Bitcoin from a single mistake: downloading a fake Ledger app from the Apple Store.

The app was nearly indistinguishable from the real Ledger Live software. It used a special character in the name to slip past Apple's review. When it asked for his seed phrase, he entered it. Nine years of retirement savings were gone in seconds.

This clip walks through exactly what happened and why it matters for anyone holding crypto in self-custody.

The rules are simple. The consequences of ignoring them are not.

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