Ten years of careful saving wiped out in a single afternoon. That’s what happened to Garrett Dutton, the American musician known as G. Love, who lost 5.9 Bitcoin — worth roughly $420,000 — after a malicious app tricked him into giving away the one thing he was never supposed to share.
A Retirement Fund Built Over Years
KuCoin responded to ZachXBT’s post with a statement typically addressed to its customers. Dutton did not disclose which link led him to the fraudulent download.
This is not the first time scammers have pulled off this exact move. Back in 2023, a counterfeit version of the Ledger Live app appeared on Microsoft’s app store and drained nearly $600,000 from multiple users before it was removed.
Microsoft later acknowledged the app had made it through its review process undetected. Apple had not responded to a request for comment.
Bitcoin Losses Across The Country Keep GrowingSeed phrases are the master keys of self-custody crypto wallets. No legitimate wallet application asks users to type one into a screen. That’s the line Dutton crossed without realizing it — and by the time he did, there was nothing left to recover.
Featured image from Pexels, chart from TradingView
