Musician loses $420K Bitcoin 'retirement fund' via fake Ledger app

Blockchain sleuth ZachXBT said Garrett Dutton’s 5.9 Bitcoin has already been sent to deposit addresses associated with KuCoin.

Garrett Dutton, an American musician better known as “G. Love,” said he lost $420,000 worth of Bitcoin after installing a malicious app impersonating the self-custody crypto app Ledger Live from Apple’s App Store and entering his seed phrase.

“I had a really tough day,” Dutton told his 67,500 followers in a post on X on Saturday, adding that he lost his 5.9 Bitcoin (BTC) stash “in an instant” after spending about 10 years accumulating the coins to secure his retirement.

In a follow-up post, crypto sleuth ZachXBT said that Dutton’s Bitcoin has been sent to deposit addresses linked to the crypto exchange KuCoin across nine transactions. KuCoin replied to the post with a statement typically addressed to customers.

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