🚨WARNING: No App Store is safe! Also, Kraken is being extorted by a criminal group.
Where do I start?
First off, a fake Ledger Live app has been published on the App Store.
One user downloaded it on his PC and lost $490K in BTC after the app asked for his seed phrase.
His wallet was drained instantly…
We CANNOT rely on app stores to vet apps and keep us safe. That responsibility is on us.
Education and awareness is key. I repeat, education is KEY.
Do NOT download apps from Google. Go directly to the official website and use their app link.
Also check the basics:
– App developer
– Number of reviews
– How long it’s been listed
Scam apps usually have barely any reviews. Real apps have hundreds or even thousands and go back years.
Second, my favorite crypto exchange Kraken is being extorted by a criminal group who bribed one of their employees for access to client portals.
This has happened twice. Once in February, and again more recently.
The employee has already had their access revoked, and Kraken says they are NOT paying anything to the attackers.
Something similar happened to Coinbase last year.
But this is your reminder… exchanges are NOT for storage.
They are exchanges.
Treat them like public restrooms. Do your business and get out.
Just remember this: K.I.S.S.
Keep It Stupid Simple.
– Get a cold wallet
– Send your crypto to your cold wallet
– Treat it like your savings account
– Don’t connect it to random websites
– Never share your seed phrase
That’s it. Crypto security 101. Thank me later.
I’ve been doing this successfully for 6 years now.
And I am CONSTANTLY targeted by scammers and hackers… more than the average person.
Simplicity is key. Plus it’s stress free…
If your crypto is on an exchange or an app wallet like Robinhood, move it to a cold wallet ASAP.
And educate yourself on using cold wallets properly.
Tangem is easily the best cold wallet for beginners. Easy to use, supports more crypto than any wallet.
You can get 30% off & free Bitcoin using my link: https://tangem.com/pricing/?promocode…
Comes out to about $43. No brainer…
P.S. If you need help setting it up and transferring your crypto, I’ll drop my full step-by-step guide in the pinned comment below.
Please, stay safe.
– Scrilla
https://www.youtube.com/post/UgkxL9aVXDggRH7G076RSV8x-kOAg8PH74Nu
https://www.youtube.com/post/UgkxL9aVXDggRH7G076RSV8x-kOAg8PH74Nu
Posted by Jealous-Reindeer-610
2 Comments
[https://bitcoinist.com/decade-of-bitcoin-savings-gone-in-minutes-after-fake-app-fools-musician/](https://bitcoinist.com/decade-of-bitcoin-savings-gone-in-minutes-after-fake-app-fools-musician/)
# Decade Of Bitcoin Savings Gone In Minutes After Fake App Fools Musician
by[Christian Encila](https://bitcoinist.com/author/jomarjet/)
Posted in [Bitcoin](https://bitcoinist.com/category/bitcoin/)
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. [Ad Disclosure](https://bitcoinist.com/decade-of-bitcoin-savings-gone-in-minutes-after-fake-app-fools-musician/#)
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.
Operational Security (OpSec) is becoming the primary battlefield for crypto users. Relying solely on App Store verification is no longer enough. The increase in sophisticated phishing and extortion attempts against infrastructure providers highlights why users must adopt a ‘Zero Trust’ approach. Multi-layered security—using hardware keys (FIDO2), mandatory address whitelisting, and verifying APK signatures directly from official sources—should be the standard, not the exception in 2026.