Fake Crypto App in Microsoft Store Steals $768K by Tricking Users to Enter Seed Phrases
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Fake Ledger Live app published on Microsoft Store stole over $768,000 in crypto from users who entered their seed phrases
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App had several red flags like copied description, only 1 rating, suspicious developer name, but still passed Microsoft's screening
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At least one user reported losing entire life savings of $26,500 minutes after entering seed phrase into fake app
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App was online for weeks before being detected, raising concerns about vetting process for Microsoft Store
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Despite simple scam, large haul highlights risks of entering seed phrases into untrustworthy apps, even from official stores