Musician G. Love Loses $420K Bitcoin to Fake Ledger App Scam
Musician loses $420K Bitcoin 'retirement fund' via fake Ledger app
Cointelegraph
Image: Cointelegraph
Garrett Dutton, known as G. Love, lost $420,000 worth of Bitcoin after downloading a fake Ledger Live app from Apple's App Store. The incident underscores the ongoing issue of cryptocurrency scams, with the FBI reporting over $11 billion lost in crypto-related incidents in 2025.
- 01G. Love lost 5.9 Bitcoin worth $420,000 due to a malicious app.
- 02The scam involved a fake Ledger Live app downloaded from Apple's App Store.
- 03Dutton warned others about the prevalence of scams in the crypto space.
- 04The FBI reported a rise in crypto-related losses, totaling over $11 billion in 2025.
- 05Fake Ledger apps have previously appeared on Microsoft’s app store, leading to significant losses.
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Garrett Dutton, an American musician known as G. Love, reported losing $420,000 worth of Bitcoin after downloading a fraudulent app that impersonated the Ledger Live crypto wallet from Apple's App Store. Dutton, who had accumulated 5.9 Bitcoin (BTC) over a decade, shared his experience with his 67,500 followers on X, emphasizing the ease with which he was tricked into entering his seed phrase. Following the incident, crypto investigator ZachXBT traced Dutton's stolen Bitcoin to deposit addresses associated with the crypto exchange KuCoin. This event highlights a growing concern in the cryptocurrency industry, as the FBI indicated that Americans lost over $11 billion to crypto-related scams in 2025, an increase from $9 billion the previous year. Dutton reflected on his misstep, stating that he had been involved in cryptocurrency since 2017 and urged others to remain vigilant against scams. Cointelegraph was unable to locate the fraudulent app on the App Store at the time of reporting, and Apple did not provide immediate comments. Similar scams have occurred previously, including a case in 2023 where users lost nearly $600,000 due to a fake Ledger app on Microsoft’s store.
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This incident serves as a cautionary tale for cryptocurrency investors, highlighting the risks associated with downloading apps and sharing sensitive information.
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