Musician G. Love Loses Over $400K in Bitcoin Scam via Malicious App
Musician G. Love has revealed that he lost his Bitcoin savings, valued at over $400,000, due to a scam involving a malicious app. The incident occurred when G. Love, frontman of G. Love & Special Sauce, downloaded a fraudulent app from the Apple store while transferring his Ledger to a new computer. This led to the loss of 5.9 BTC, which he had accumulated over ten years. The stolen Bitcoin was reportedly laundered through the cryptocurrency trading platform KuCoin, which has since taken temporary measures to freeze the suspicious account. G. Love expressed his frustration on social media, warning others about the prevalence of scams in the cryptocurrency space. In response to the incident, Apple has removed the malicious app and terminated the developer's account.