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Boston.com | Musician G. Love lost $430,000 in a crypto scam. Here’s his warning. by Annie Jonas

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Cape Cod‑based musician G. Love (Garrett Dutton), frontman of G. Love & Special Sauce, lost roughly $430,000 worth of cryptocurrency after a fake Ledger wallet app on the Apple App Store stole his seed phrase, draining 5.9 BTC and half an ETH in minutes. Dutton had bought a new Mac and, unable to find his original Ledger app, downloaded a look‑alike that prompted him to re‑enter his 12‑ or 24‑word recovery code; the malicious app captured the phrase and transferred the funds through multiple wallets to a KuCoin exchange, where they were quickly dispersed. He reported the theft to the FBI and local police, but recovery appears unlikely. Security experts warned that such copycat apps are increasingly sophisticated, often using slightly altered names and fake reviews to bypass app‑store checks, and emphasized that seed phrases should never be entered anywhere unless the app’s legitimacy is absolutely certain—ideally using regulated platforms rather than self‑custodied wallets. Dutton urges others to treat seed phrases as the ultimate key and to scrutinize app publishers, while noting he will continue using crypto despite the loss.

#GLove #LedgerWallet #cryptocurrency #technology #ChristianCatalini

Musician G. Love lost $430,000 in a crypto scam. Here’s his warning.

G. Love lost $430,000 in crypto to a scam app on the Apple App Store. His story is a warning — and a window into a growing threat.

Boston.com