Users lose $9.5M to fake Ledger wallet app on the Apple App Store

Article

• Fake Ledger app on App Store stole seed phrases, draining $9.5M in crypto
• App existed only briefly before stealing funds with no recourse for victims
• Stolen BTC traced through multiple transactions to KuCoin deposit addresses

Discussion

• Commenters mock Apple’s 30% cut as justification for security that clearly failed
• Debate over whether Apple should be liable like a retailer selling dangerous goods
• Entering seed phrases on a phone with that much at stake called nonsensical

Discuss on HN