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Garrett Dutton lost 5.9 BTC (around $420,000) after installing a fake Ledger Live app. The malicious app tricked him into entering his seed phrase, draining his wallet instantly. ZachXBT traced the stolen funds to deposit addresses linked to KuCoin. The incident adds to rising crypto scam losses, with the FBI reporting over $11 billion lost in 2025. Dutton, known professionally as G. Love, revealed over the weekend that he lost his entire Bitcoin savings - around 5.9 BTC - after accidentally downloading a malicious app posing as Ledger Live from the Apple App Store. The funds, worth roughly $420,000, had been accumulated over nearly a decade as part of what he described as his retirement plan. In his own words, the moment was sudden and irreversible. [link] [comments] |
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