A fraudulent version of the Ledger Live app was available on the Apple App Store, resulting in at least $9.5 million in losses for over 50 victims across multiple cryptocurrencies, including Bitcoin, Ethereum, and Solana, between April 7 and April 13. Victims reported that they unknowingly entered their recovery phrases into the malicious app, allowing attackers to gain full access to their wallets. One victim, who lost 5.9 BTC, expressed devastation over losing his entire retirement savings in an instant. Blockchain investigator ZachXBT traced the stolen funds, which were funneled through more than 150 KuCoin deposit addresses and linked to a centralized laundering service known as AudiA6. Apple has since removed the fake app, but concerns remain regarding how it was approved for distribution and the potential legal risks for the company. This incident underscores the persistent threat of phishing scams in the crypto industry, which saw losses of around $17 billion in 2025 due to similar attacks.