Fake Ledger App on Microsoft Store Steals $588K in Bitcoin by Tricking Users to Enter Recovery Phrase
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A fake Ledger app called Ledger Live Web3 was published on the Microsoft Store and stole at least $588,000 worth of Bitcoin.
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The scam asked users to enter their recovery phrase, granting the scammer access.
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@ZachXBT exposed the scam on Twitter, and Microsoft has since removed the fake app.
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Reddit users like Weak-Rice-3545 lost their entire life savings from this scam.
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Be vigilant about wallet scams that ask for your recovery phrase, and don't enter it if asked.