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

Naturally, Ledger had very little to say about analytics harvesting on its social media. Its disinterest comes as little surprise to the digital asset community. As a courtesy to the community, REKTbuildr forked Ledger Live software, removed its tracking codes, and uploaded the patched software to GitHub. The developer, Ledger SAS, indicated that the app’s privacy practices may include handling of data as described below. With the Fantom app running, access the Fantom fWallet homepage and click on the Ledger button. With Developer mode enabled, select Manager in the sidebar and search for Fantom.

Can I handle multiple cryptocurrencies using the Ledger App?

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. Been using this for a couple of months now and I move my crypto to my Nano X using my desktop app so I can scan the QR codes.

Ledger Live Integrates USDC on Stellar

Every app built for Ledger Live implements this plugin and also undergoes an audit. With such an expansive experience comes the highest responsibility to protect the millions of users that interact with the Ledger Live ecosystem. With every update, Ledger incorporates the Donjon’s findings, keeping the hardware and software one step ahead against emerging threats in real-time. This website is using a security service to protect itself from online attacks.

Researcher finds data harvesting inside Ledger Live app

The software allows you to safely interact with cryptocurrencies without relying on third-party services. With Ledger Live, you get full control over your assets, making it an indispensable tool for anyone who invests in cryptocurrency. The application is sending tracking data to a service called segment.io. This data includes information on digital assets and NFTs stored on Ledger wallets. The app interacts with Ledger Hardware Crypto Wallets, enabling users to easily track the state of their account, manage assets, and conduct whatever transactions are needed.

• Moreover, Ledger’s clear signing initiative makes its Clear Signing plugin a pre-requisite for dApps, apps, and providers that integrate with Ledger Live.
• It’s the key to your entire digital portfolio – lose it, and you lose everything.
• 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.
• The public key can be compared to a bank account number that you can share with third parties to receive crypto without worrying that your assets will be compromised.
• If you don’t, you can download it from the official Ledger website.2.

Ledger

The application can be installed both on a PC and a smartphone, which allows you to comfortably manage your cryptocurrency portfolio at any time. The Ledger Live App for Mac is your first move toward managing your cryptocurrencies with strong security. 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 devices protect your private keys and allow you to experience the value in web3 with the peace of mind that your digital assets are always protected against physical or online threats. The only thing Ledger cannot protect you from is user error.

You Are All Set Up!

All Ledger employees are given this flair to indicate their official status. The best thoughts focus on the idea rather than the person who’s communicating the idea, whether it’s someone on the forum or a public figure. This means that even if your computer or smartphone is attacked, the keys remain protected.

Data Not Linked to You

Get the ledger live , ledger-live-official.net crypto wallet app and seamlessly manage all your web3 assets in one secure place. Hardware wallets store your private keys offline, giving you full control and enhanced security. Even if you misplace or lose your hardware wallet, you can get a new one and use your Secret Recovery Phrase to access your assets. Installing the Ledger Live App on your Mac opens access to a powerful, safe asset management tool. Integrated with a hardware wallet, it contains strong security features for buying, exchanging, and staking any kind of cryptocurrency that suits each investor’s need.

• Ledger’s Secure Screens are driven directly by the Secure Element chip, meaning you can trust the details they show.
• You own it, it’s completely yours, a truly bank that never closes, that never experiences bank run, impossible to collapse, nobody to abuse power leaving you destitute.
• Your private key, which is used to retrieve all of your cryptoassets from the blockchain, still will be stored safely offline in the Ledger Nano S.
• Ledger Live is the official desktop application from Ledger that acts as an interface with the Ledger Nano S hardware wallet.
• Get the Ledger Live crypto wallet app and seamlessly manage all your web3 assets in one secure place.
• There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
• To begin, download the Ledger Live app on your Android phone.

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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. Hardware wallets are non-custodial wallets that come in many different types, but how would you know if they are truly secure? Some hardware wallets do not even have screens, which means you need to rely on the screens of your laptop, tablet, or mobile device. This places you at considerable risk because these screens are built for performance and not security and can be tampered with by bad actors. Ledger Live is the official mobile app for users of Ledger hardware wallets. It provides a secure way to manage and view cryptocurrency balances on the go directly from your mobile device.

Security On Ledger Live

Let’s say the CEO goes rogue and decides to steal your funds, or perhaps the whole exchange collapses, as we’ve seen multiple times throughout history; in either of these situations, your funds would be at risk. What is the Ledger ecosystem all about, and why is Ledger different from any other device protecting your digital assets? Let’s take a deep dive under the hood to understand how Ledger devices are ahead of the curve when securing digital wealth. Here you will have the opportunity to either create a new account or restore an existing one. A non-custodial wallet, also known as a self-custodial wallet (enter the infamous crypto term ‘self-custody’) is a crypto wallet that puts you in complete control of your public and private keys.

/app – Applications

Before doing this, ensure the Starknet app is installed on your Ledger from Ledger Live. Select “Multisig Account”, then “Join existing multisig”, and then “Join with Ledger”. 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.

Installation

• Private access keys are always stored in an isolated environment on hardware wallets, which eliminates the possibility of third-party access.
• Software wallets are non-custodial, offering you true ownership of your assets.
• Scammers exploit this complexity by misleading users or compromising device screens to have them sign malicious transactions they don’t fully understand, draining their funds in seconds.
• It provides a secure way to manage and view cryptocurrency balances on the go directly from your mobile device.
• One of the biggest concerns for anyone practicing self-custody is losing their secret recovery phrase.
• 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.
• 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.
• The application allows you to be safely in possession of your crypto wallets and digital assets.

Luckily, users have alternatives, including tracker-free forked versions of the software, or using the hardware wallet itself without installing Ledger Live software at all. Although Ledger Live doesn’t send private keys or recovery phrases to segment.io, it sends plenty of information about a user that could subject users to extortion attacks. Any segment.io hacker, for example, could easily identify any user with substantial crypto holdings — including timestamps of crypto activities and other terrifyingly detailed information about assets. Ledger Live’s data harvester is a JSON object with a properties key. It transmits user ID and a ‘writeKey,’ which can uniquely identify the PC. It can also send segment.io account information including names of digital assets owned and other information about users’ computers.

Wallets

Lastly, you will land on the Fantom app screen where you can confirm that the app is version 1.0.6 and it’s ready. To access the wallet, connect the Ledger to your computer and enter your pin. You can see your addresses information and balances, send FTM, stake FTM, mint sFTM and access the DeFi suite as well. Select the Apps installed tab to confirm the installation was successful. The scammer had “amended” his own version of the open source Ledger Live software before submitting it to the Microsoft Store. The app review team failed to notice some red flags, as highlighted by some.

After installation, navigate to the app on your Ledger device and open it.9. Use the buttons on your Ledger device to navigate and interact with the app. For example, you can send or receive transactions, check balances, and perform other actions depending on the app’s functionality.10.

• Ledger Recover gives you peace of mind and the power to regain access to your accounts—wherever you are, with just your identification.
• You can manage your assets at any time, conduct monitoring, exchanges, and other operations.
• This guide provides complete step by step instructions on how to setup a new Ledger Nano S hardware wallet, using the Ledger Live application.
• Microsoft reacted on the same day and removed the app from the store but the fraudster had already transferred more than $768,000 from victims.
• For installation on Android devices, the version of the operating system must be higher than Android 7.0.
• Unlike most apps, the Ledger Live crypto wallet app keeps your data directly on your phone or computer, so there’s no need to sign in using an email and password.
• These new devices take secure screens and give them a fresh spin for the next generation of crypto.
• Put simply, using your phone or laptop to store private keys is like leaving a bank vault in the middle of a shopping mall.

Once activated, Ledger Sync automatically updates your Ledger Live apps on both desktop and mobile every 10 seconds, eliminating the need for manual updates. Any changes to your accounts are instantly reflected across all your devices, ensuring consistency and saving you time. Ledger Live makes decentralized communication easy with apps like WalletChat and Inbox by Dispatch. These apps allow users to securely send messages between wallets and offer encrypted, wallet-based communication without relying on centralized messaging platforms. With E-Ink® technology, users enjoy optimized readability, the ability to display their favorite NFTs even when the device is off, and multi-device connectivity to smartphones or computers. Plus, with a battery that lasts weeks on a single charge, Ledger’s secure touchscreens combine convenience, security, and innovation in one sleek package.

• Naturally, Ledger had very little to say about analytics harvesting on its social media.
• All deals go through the hardware wallet for double insurance of transaction safety.
• A second cryptocurrency wallet used for the scam had collected about $180,000 from victims.
• The application is designed to be intuitive, providing clear options for viewing balances and managing accounts.
• You can launch the app by using Spotlight or Launchpad and set up according to the instructions.
• Exchanging takes place directly in the application, so you don’t need any fiat money or other external instruments.
• Moreover, Ledger’s clear signing initiative makes its Clear Signing plugin a pre-requisite for dApps, apps, and providers that integrate with Ledger Live.
• This means your Ledger device is much more than just a hardware wallet that protects your crypto.

Ledger’s Secure Screens are driven directly by the Secure Element chip, meaning you can trust the details they show. Since the screen is tamper-proof, you’re protected from both physical and remote hacking vectors like address poisoning, address switching, and clickjacking malware. But before we move on to what makes Ledger devices so successful, let’s understand what self-custody even means and its importance in crypto. Crypto wallets come in various types, each offering different levels of security, convenience, and functionality. It is possible to buy crypto with a credit/debit card or bank transfer.

• Alternatively, the data could be used internally for user experience (UX) and user interface (UI) workers at Ledger.
• Then, select “Access your wallet”, and in the next screen select “Synch with Ledger Live desktop”.
• It also supports various ERC-20 tokens and other popular cryptocurrencies.
• If you want to store or transfer Bitcoin, download the Bitcoin app.
• Because your digital assets deserve the ultimate premium experience.
• Since Ledger hardware wallets are secure ways to store private keys, the Ledger Live software can be configured to function as a multi-factor authentication (MFA) device.

This is thanks to the fact that Ledger Live is designed to work seamlessly with Ledger hardware wallets plugged into your mobile phone using the provided USB cable. When you set up a hardware wallet, a 24-word seed phrase is created, which is a backup copy of your keys. Ledger Live requires you to enter a PIN code every time you connect the device, preventing unauthorized access to your assets.

With Bluetooth, USB-C, and NFC connectivity, Ledger Flex allows users a seamless crypto experience coupled with next-gen security at an attractive price. Moreover, Ledger Flex also comes with built-in magnets that allow users to attach screen protectors and other accessories to take their hardware customization to the next level. Did you know that the screens of your everyday devices like your phone and computer are a potential point of attack for hackers?

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. These crypto wallets physically store your private keys within a chip inside the device itself. Backed by Ledger’s time-tested security model, your assets are shielded from all kinds of threats—regardless of which device you choose. A crypto wallet is a digital tool that allows users to store, manage, and interact with cryptocurrencies such as Bitcoin, Ethereum, and many others. It plays a crucial role in the cryptocurrency ecosystem, enabling users to securely manage their digital assets and perform various transactions. Ledger Live is the essential companion app that elevates the experience of Ledger’s hardware wallets.

After verification, two encrypted fragments are securely sent to your Ledger device. The Secure Element chip on your Ledger device then decrypts and reassembles your seed phrase, allowing you to access your account safely, even if your original device is lost. If you notice a mismatch between the blockchain address on your internet-connected device and the secure screen on your Ledger device—you know that your internet-connected device is compromised with malware. You can always trust your Ledger device’s secure screen to show you the exact transaction details. This aesthetic leap is not just a hardware-focused evolution of crypto wallets, it is the safest and most premium crypto experience available in the world today. 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.

In web2, accounts are typically synchronized using an email ID and a password, with companies managing your account information within centralized databases. This is then stored, updated, and used as companies deem fit. You can easily see how this information-sharing is a significant threat to your privacy as your data is shared across various apps and online interactions. This makes complex crypto transactions understandable and transparent, giving you the confidence to make informed decisions. The blockchain space has grown from simple transactions to a complex mix of functions like token approvals, NFT management, DeFi, smart contracts, and much more.

Some cynical people might think that this is actually a design of the app is that they don’t actually want people to be able to easily withdraw funds. Coins refer to any cryptocurrency that has an independent blockchain — like Bitcoin. Put simply, if the cryptocurrency runs on its own blockchain, then it is a coin. This native coin is what you use for paying transaction fees and participating in the network, and what network participants receive in return for keeping that network secure.

Find and choose the app for the cryptocurrency or service you want to use. For example, if you want to use a Bitcoin wallet, select the Bitcoin app.7. Click on “Install” to install the selected app on your Ledger device.

Install the apps for the cryptocurrencies you wish to manage on your Ledger device. 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. Wallets can also be categorized as custodial or non-custodial, depending on who holds the private keys. Storing your crypto in a custodial wallet means that a third party controls your private keys and, therefore, your assets. In contrast, non-custodial wallets, like Ledger’s, enable you to fully own and control your crypto. A crypto wallet stores your private keys and gives you access to your assets.

Without a secure screen, there is no way to know whether you’re signing a malicious transaction or not. The Secure OS also ensures that all interactions with the Secure Element (which holds your private keys) are fully encrypted, providing an additional layer of protection. Whether you’re staking tokens, swapping assets, or managing NFTs across different blockchains, you can trust that your private keys and transaction data remain protected, even in the most complex operations. The beauty of using a crypto wallet is the security it provides to your private keys. The big idea behind crypto wallets is the isolation of your private keys from your easy-to-hack smartphone or computer – basically anything that can expose your private keys on the internet.

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.

Pick one and will now have accessed the wallet with your Ledger Nano. Members of the crypto community have lost $768,000 after downloading a fake Ledger Live app from the Microsoft app store. This application is supported by Windows 10, and both have 64-bit versions of the OS. For stable work, the minimum capacity of RAM should be at least 2 GB. Also, while installing the program, it may be necessary to allocate at least around 100 MB of free hard disk space for this purpose.

Transactions are signed inside the device, which eliminates the possibility of their interception by intruders. Together, we’re building the greenest infrastructure to drive blockchain innovation that doesn’t sacrifice utility or performance, to bring the developer community’s vision to life. Proven reliable over more than a decade of error-free functioning, the XRPL offers streamlined development, low transaction costs, high performance, and sustainability. So you can build with confidence–and move your most critical projects forward. I woke up this morning and noticed that my Solana holdings are no longer visible in my wallet. I had them staked for quite a while, and now they’re just…