Fake Ledger Live App on Apple App Store Steals $9.5M in Crypto

A counterfeit Ledger Live app on Apple’s App Store has caused $9.5 million in crypto thefts, highlighting vulnerabilities in app store vetting processes. Over 50 victims were targeted in a phishing scheme involving funds passing through a KuCoin-linked mixer. This incident underscores the need for improved security measures to protect crypto users.