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Microsoft Listing Fake Ledger App Leads to $590K of Bitcoin Stolen by Hackers

The hacker also stole $180,000 worth of assets on Ethereum and BSC.

By Oliver Knight
AccessTimeIconNov 6, 2023 at 4:23 p.m. UTC
Hacker steals $770,000 worth of crypto (Towfiqu Barbhuiya/Unsplash)
Hacker steals $770,000 worth of crypto (Towfiqu Barbhuiya/Unsplash)
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Hackers stole 16.8 bitcoin (BTC) over the weekend after a fake Ledger Live app was posted on the Microsoft app store.

Blockchain analyst ZachXBT said on social media platform X (formerly Twitter) that an additional $180,000 had been stolen across Ethereum and BNB Smart Chain (BSC), bringing the total to $770,000.

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    • On-chain data shows that the hacker received a total of 38 inbound BTC transactions spanning between Oct. 24 and Nov. 5.

    The hacker then consolidated those funds before splitting them across numerous wallets in an attempt to cover the trail.

    Ledger Live is an app that lets ledger hardware wallet users access and send their assets. It remains unclear how a fake app was approved by the Microsoft store.

    Cryptocurrency hacks have been prevalent during the recent rise in asset prices. Last week, hackers managed to siphon $4.4 million worth of crypto from LastPass, a password storage manager that was breached in 2022

    Microsoft did not immediately respond to a request for comment.

    Edited by Aoyon Ashraf.

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Oliver Knight
    Oliver Knight

    Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

    Follow @OKnightCrypto on Twitter

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