Apple removes fake Ledger app that stole $9.5M from crypto investors

Apple told Cointelegraph that the fake Ledger Live app was removed and that the developer was terminated from its app store.

Apple has confirmed it took down a malicious app that impersonated the Ledger self-custody crypto wallet after an onchain analysis found that more than 50 victims fell for the scam, losing a combined $9.5 million.

Apple told Cointelegraph on Tuesday that the fake Ledger Live app was removed and that the developer, “SAS Software Company,” was terminated from the Apple App Store.

Apple said the developer used a “bait-and-switch strategy” to trick users into installing a fake Ledger Live app and sharing their seed phrases.

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