Rogue Developer Steals $768,000 in Crypto with Fake Ledger Live App

Ledger Live

With wide support for a lot of assets, constant updates, and high security, this app is the indispensable assistant of every crypto user. Install Ledger Live for Mac to securely keep digital assets. Ledger’s Clear Signing initiative is a collaborative effort designed to bring transparency to crypto transactions across third-party platforms and services. This guarantees that “what you see is what you sign”, empowering users to never trust blindly but always verify directly on their device’s secure screen in a clear, understandable format. Ledger Live gives you access to a growing library of decentralized applications (dApps) and web3 services, from DeFi platforms and NFT marketplaces to messaging apps and blockchain games. These integrations allow users to interact with a variety of web3 ecosystems securely, with Ledger ensuring that your private keys never leave the safety of your device.

Using the Ledger Nano S Plus With Ethereum Classic

Hackers can relatively easily and affordably replace the firmware on an MCU chip. If they manage to access the MCU that controls your wallet’s screen, they could bypass the need to access your private keys directly. Non-custodial wallets are crypto wallets that give you ownership over your digital assets—only you can manage your private keys. However, not all non-custodial wallets offer you the same kind of security. Cold wallets keep your private keys offline and out of reach of online threats. Our classic entry-level hardware wallets built with all the essentials to secure your digital assets.

Install the Ledger Live App on Your Computer

When “Ethereum Classic (ETC)” appears, click the “Install” button on its right. In the next screen Ledger Live will report that it will install both the Ethereum and the Ethereum Classic apps for technical reasons. In the next screen, Ledger Live will show you that the ETC app is installed. In parallel to this process you may see the installation of ETC on your Ledger Nano s Plus as well. When you confirm all 24 words, then your Ledger Nano S Plus will tell you that your recovery phrase is set.

Years of Ledger: Secure Self-Custody for All

Ledger Live

Backed by Ledger’s time-tested security model, your assets are shielded from all kinds of threats—regardless of which device you choose. Ledger Live is the essential companion app that elevates the experience of Ledger’s hardware wallets. It allows users to buy, sell, stake, and swap crypto assets, and so much more, from within the security of their Ledger devices. It is designed for everyone, offering easy-to-use, accessible crypto security with its intuitive touchscreen and personalized interface.

Fake Ledger emails target crypto users

The setup was a little complicated and I was afraid of messing up so I took things slow. I’m new to this cold storage stuff but I was worried about being hacked so I decided to get a name brand. The Bluetooth connection is so useful and connecting to the iPhone app was a breeze. I was thinking about switching over to Trezor but saw their app on iOS had so much negative reviews! It seems the Trezor may have open source and all that fancy stuff but Ledger is very competitive and definitely has the better app support.

  • Moreover, Plus Wallet’s security features are complemented by its cross-chain functionality.
  • Think of it like taking a vacation to some beautiful island owning your freedom being in control on sandy beach without any fears, worries or banking systems.
  • With Ledger Live, you can manage many blockchains and tokens with different accounts all at once.
  • Our subreddit is constantly under attack by criminals and scammers looking to separate you from your crypto.
  • The Ledger Live software lets you safely interface with your Ledger hardware wallet device.
  • It is compatible with Windows 10 and later, macOS 10.14 and later, and Ubuntu 16.04, Fedora 28, Debian 9.6, or later for Linux.

Find the right Ledger hardware wallet for you

Today, we have 400 million global crypto users and growing, but only 30 million of whom practice self-custody, and of those, a mere 10 million do so securely. One of the biggest concerns for anyone practicing self-custody is losing their secret recovery phrase. It’s the key to your entire digital portfolio – lose it, and you lose everything. A Secure Element chip is a tamper-proof chip designed to store sensitive information, like private keys. Unlike general-purpose microcontroller units (MCUs) found in many other hardware wallets, the Secure Element chip is built to withstand both physical and remote attacks.

Ledger Live

Ledger Stax & Ledger Flex: Crypto Security Made Easy

But Ledger’s security model doesn’t just rely on the Secure Element. Download to set up your Ledger wallet and begin securely managing all your digital assets in one place. A crypto wallet is a physical device, designed to enhance the security of your private keys by securely storing them offline. Install the apps for the cryptocurrencies you wish to manage on your Ledger device.

Activate the proven potential of the XRP Ledger and find a trusted foundation for your next innovation

  • ZachXBT followed up with an update hours later confirming that the app’s developer had made off with $768,000 before Microsoft finally learned of the scam and yanked the app from its digital marketplace.
  • Crypto transactions usually pop up on-screen as a string of numbers and letters (a hash) that can’t be interpreted easily.
  • Hot wallets store private keys on systems connected to the internet, which makes them susceptible to online attacks.
  • The Eskimo Joe song «Foreign Land» was written as a tribute to Ledger.[140] The band were in New York at the time of his death.
  • If you do not already own one, you can purchase a Ledger Nano S here.
  • For example, if you want to use a Bitcoin wallet, select the Bitcoin app.7.
  • Ledger Sync offers a simple and secure solution to synchronize instances of Ledger Live and back up encrypted information across multiple devices.
  • For instance, they can buy ETH through Ledger, swap it at the most attractive rates via 1inch and then stake the tokens with Lido.

In a world where AI deep fakes and content abundance blur the lines of reality, establishing provenance and trust is essential. Proving your digital identity will become a primary checkpoint to safeguard your digital value in the near future. Crypto is all about scarcity and verification – two pillars that become even more vital as AI rapidly expands.

Ledger Community

Ledger Live is only the interface that lets you send and receive transactions, setup accounts and view your balances on a Ledger wallet. To add your first ETC address to your Ledger nano S Plus, you need to press the “Manage my accounts” button in the screen where we left in the previous section. Then, we need to open the Ethereum Classic app that we installed in our Ledger Nano S Plus device by pressing on both top buttons at the same time. Ledger Nano S Plus is a hardware wallet, so to use it you need to have your Ledger Nano S Plus device and install the Ledger Live app on your computer. You will also need a card to write your secret passphrase, as will be explained later. For users looking to get exciting rewards, Plus Wallet’s lightning-fast 15-minute token listing gives them instant access to new opportunities.

Search code, repositories, users, issues, pull requests…

These new devices take secure screens and give them a fresh spin for the next generation of crypto. Through the years, Ledger has upheld self-custody by giving users a more secure crypto experience. Update, they’ve added the option to sell your funds, but the amount they are offering on bitcoin as a travesty.

All transactions are signed within the Secure Element chip inside Ledger devices in a completely offline, fortified environment. Only the signed transaction details are broadcast back to the blockchain to complete the transaction. This larger display delivers a better user experience, safer transaction verification, and an intuitive interface, making it easier to review and sign transactions directly from the screen.

  • Unlike traditional backup methods, it ensures your private keys remain entirely in your control, meaning your self-custody is never affected.
  • After installation, navigate to the app on your Ledger device and open it.9.
  • Select Your Operating System, choosing the appropriate version for your operating system (Windows, macOS, or Linux).Download the installer file and run it, following the on-screen instructions until complete.
  • After three incorrect attempts, the device resets, protecting your crypto assets even if the device is lost or stolen, or if you forget your PIN.
  • The most secure crypto wallets are physical devices called hardware wallets, designed to enhance the security of your private keys by securely storing them offline.

In recent years, he has turned his focus to cybersecurity in his role as Information Security Analyst at Bitdefender. ZachXBT followed up with an update hours later confirming that the app’s developer had made off with $768,000 before Microsoft finally learned of the scam and yanked the app from its digital marketplace. It will be easily installed in Linux through any of the Linux distributions that support AppImage. The technical parameters meet the requirements for Windows and MacOS.

Add Your First ETC Account to Your Ledger Nano S Plus

The reward system complements this, giving users an extra income on every trade. This combination of fast access and continuous earning makes it the top crypto wallet for traders seeking both security and higher rewards. Moreover, Plus Wallet’s security features are complemented by its cross-chain functionality.

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Although the wallets themselves were not hacked, this data has been used for personalized scams. Published with the name Ledger Live Web3, the fake application appears to have been present in the Microsoft Store since October 19 but the cryptocurrency theft started being reported just a couple of days ago. In the next screen, Ledger Live will show you on your computer that the device and the app on your computer are “Synchronizing” to set up an ETC account. In the next step, Ledger Live on your computer will ask you to check and write down your 24 word recovery phrase.

Self-custody means you and you alone hold and manage your private keys, giving you full control over your digital assets. It eliminates the need for third-party custodians, making you solely responsible for the security of your assets. Blockchain enthusiast ZachXBT alerted the cryptocurrency community on November 5 of a fraudulent Ledger Live application in the Microsoft Store that stole almost $600,000 from users who installed it. Restore access to your crypto wallet in case of a lost, damaged, or out of reach Secret Recovery Phrase.

Mentions of any cryptocurrencies or projects outside of the context of a legitimate Ledger-related question will be removed, and may result in a ban after repeated offenses. Flair is that little box displayed next to usernames saying «Ledger Customer Success» or something similar. All Ledger employees are given this flair to indicate their official status.

  • Some hardware wallets do not even have screens, which means you need to rely on the screens of your laptop, tablet, or mobile device.
  • Moreover, if your Ledger device is locked or switched off, NFC capabilities are automatically powered off.
  • Download to set up your Ledger wallet and begin securely managing all your digital assets in one place.
  • Cold wallets keep your private keys offline and out of reach of online threats.
  • A combination of 1inch and Ledger tech facilitates competitive swap rates while keeping users’ digital belongings fully secure.
  • Custodial wallet issuers have the power over all accounts on their platforms.

How to Set up your Ledger Nano S

ledger live , ledger-live-official.us.com is a secure and user-friendly interface for accessing and managing your cryptocurrency via Ledger hardware wallets. It simplifies balance checks, transfers and even allows staking for certain cryptocurrencies. XO Swap connects to multiple exchange services, enabling transactions across different crypto pairs. The primary focus is on security,  Ledger’s hardware encryption ensures that users maintain control over their assets during the swap process. The integrations with Ledger hardware wallets like Nano S, Nano X, and Stax guarantee the safety of the applications. In other words, all keys are stored on a hardware device, and it is physically impossible to steal them through the Internet.

You can connect your hardware wallet to your phone directly using an OTG cable. Alternatively, if you have a Ledger Nano X—which has Bluetooth capabilities—you will be able to pair the device wirelessly over Bluetooth. With staking, you earn rewards in return for locking up—or staking—your cryptocurrency in special contracts that help secure the blockchain network to which that cryptocurrency is native. To send or receive any crypto, the first thing you need to do on your new Ledger is install the apps for the cryptocurrencies you want to store. Does that also compromise BTC, Cosmos, Solana, Chainlink, etc… accounts as well?