Fake Ledger Live app in Microsoft Store steals $768,000 in crypto

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. Crypto transactions usually pop up on-screen as a string of numbers and letters (a hash) that can’t be interpreted easily. In 2024, Ledger broke new ground in the industry with the world’s first and only secure E-ink touchscreen devices – Ledger Stax and Ledger Flex. 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.

How to Switch ETH Path to Ledger Live / Legacy Format?

Ledger Sync not only enhances convenience but also strengthens your data privacy, making it an essential tool for effortlessly managing your crypto assets across multiple platforms. 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.

Installation

Fifth star will come when developers update app to fit my iPad in landscape. 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. All deals go through the hardware wallet for double insurance of transaction safety. The application can be installed both on a PC and a smartphone, which allows you to comfortably manage your cryptocurrency portfolio at any time.

Get YouHodler Crypto Wallet App

Does that also compromise BTC, Cosmos, Solana, Chainlink, etc… accounts as well? I’ve heard people say that only ETH or erc-20 tokens can be taken. A likely commercial explanation for all the data harvesting, REKTbuildr speculated, is that Ledger wants to resell anonymized data to third-party advertisers. Simply put, YouHodler’s industry-best loan terms coupled with the most-secure self-custody devices in the world – the Ledger Nano series – makes a lot of sense for everyone. Not only does it empower you to use your cryptocurrency without selling it, but it allows you to do so most conveniently and securely as possible.

NFT Management

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. The application runs on devices that have the iOS operating system, version 11.0 and above. The Ledger App is compatible with desktops using Windows, macOS, and Linux, as well as mobile must have the capacity to meet the minimum requirements before app installation. As part of Ledger’s vision, this tool aims to onboard a new generation of crypto users by providing an easier, more secure way to embrace self-custody, rather than relying on centralized or insecure solutions.

Community highlights

To enable MFA on your Ledger crypto hardware wallets, find the FIDO U2F app in the Manager section of your ledger live , ledger-live-official.us.org app. Your recovery phrase is a crucial component of your wallet’s security. The Ledger ​device will display a 24-word recovery phrase, which you should write down on the ​provided recovery sheets. This phrase is the only way to recover your assets if your ​Ledger device is lost or damaged. Store the recovery phrase in a secure and offline ​location—never share it online or with anyone. Ledger Live’s data harvester is a JSON object with a properties key.

A crypto wallet app and Web3 gateway

The ​device will power on automatically, displaying the Ledger logo. You will be prompted to choose a PIN code, ​which will be required each time you access your Ledger wallet. Once you receive your Ledger hardware wallet (such as the Ledger Nano S, Nano S ​Plus, or Nano X), unbox the device. Inside, you will find the hardware wallet, a USB ​cable, recovery sheets, and a quick start guide. Before proceeding, ensure that the ​box is sealed and hasn’t been tampered with.

• The best crypto wallet for mobile phones is the Ledger crypto wallet.
• Once installed, open FIDO U2F on the dashboard of your Ledger device.
• Ledger Sync revolutionizes this process by eliminating centralized control, ensuring that access to your Ledger Live information remains entirely under your control.
• Ledger Live is a secure gateway that allows you to explore a growing catalog of dApps and web3 services—including DeFi platforms, NFT marketplaces, messaging apps, and even blockchain games.
• With Bluetooth, USB-C, and NFC connectivity, Ledger Flex allows users a seamless crypto experience coupled with next-gen security at an attractive price.
• 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.
• The Ledger App is extremely safe; it runs together with the Ledger hardware wallets, which include Nano S, Nano X, and Stax.

App Privacy

The app is available for Windows, macOS, Linux, ​iOS, and Android. In summary, Ledger is tracking user data, possibly for its own UI/UX workers, or to profit from resale. 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. Ledger has already shocked the community’s trust in its hardware wallets. In May, it announced a controversial Recover service that shared abilities to remotely decipher the private keys on one’s hardware wallet.

• You can manage your assets at any time, conduct monitoring, exchanges, and other operations.
• Ledger, the official developer of the Ledger Live app, recommends users verify the authenticity of their binary installation file by comparing its hash value to the one listed here.
• This website is using a security service to protect itself from online attacks.
• Ledger provides uncompromising security for the digital ecosystem that goes much further than its devices.
• It is possible to get rewards by staking ETH, SOL, ATOM, ADA and several other coins and tokens.

CONNECT

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. With over 1 million units sold worldwide, the Ledger Nano S is the most popular hardware wallet. The device is praised for its security and its support for a wide variety of coins. If you do not already own one, you can purchase a Ledger Nano S here.

Phone App needs work

For SDF, this integration represents a significant step forwards toward our building block of activating more network participation. As of today, anyone may now securely send, receive and buy USDC on Stellar through their Ledger Live app while keeping their assets secure with a Ledger hardware wallet. However, what’s important is the fact that your Ledger hardware wallet is almost impossible to get hacked since your Ledger hardware wallet is its own device with its own operating system and secure chip. Hence why you can’t accidentally install malware on your Ledger as you can on computer/mobile devices. Once your accounts are added, you can manage your assets through Ledger Live.

• A likely commercial explanation for all the data harvesting, REKTbuildr speculated, is that Ledger wants to resell anonymized data to third-party advertisers.
• Plus, with a battery that lasts weeks on a single charge, Ledger’s secure touchscreens combine convenience, security, and innovation in one sleek package.
• You will need to allocate at least 100 MB of free space and 2 GB of RAM.
• 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.
• The Ledger Nano S, launched in 2016, is now the best-selling hardware wallet of all time.
• It simplifies balance checks, transfers and even allows staking for certain cryptocurrencies.
• Microsoft has recently removed from its store a fraudulent Ledger Live app for cryptocurrency management after multiple users lost at least $768,000 worth of cryptocurrency assets.

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. You will need to perform additional installation steps depending on the package you want to work on, please refer to its nested readme file. I woke up this morning and noticed that my Solana holdings are no longer visible in my wallet.

• Combined with the Ledger Security Key app, NFC will allow Ledger devices seamless passkey authentication with your cell phone.
• Due to the proprietary nature of these chips, parts of the Secure Element’s software remain closed source to protect the intellectual property tied to their functionality.
• Choose from a range of service providers – Paypal, Ramp, MoonPay, Sardine – and select the option that works best for you.
• Ledger Live can be used to connect your hardware wallet to cryptoasset and fiat on-ramps.
• I’ve heard people say that only ETH or erc-20 tokens can be taken.
• Each Backup Provider stores only one fragment using tamper-resistant hardware, ensuring your seed phrase stays protected even if a provider is breached.
• Our classic entry-level hardware wallets built with all the essentials to secure your digital assets.

This way, you can regain access to your wallet securely if needed, all while maintaining full ownership of your assets. Ledger Recover gives you peace of mind and the power to regain access to your accounts—wherever you are, with just your identification. With Ledger Recover, your identity becomes the key to your crypto. This service is a quantum leap in crypto innovation that makes self-custody more accessible, reducing the anxiety of losing access to your assets. 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.

We are pleased to announce the release of crypto loans in Ledger Live, powered by YouHodler, now available in Ledger Live’s “Discover” section. Ledger users can now access seamless crypto loans through the app, featuring YouHodler’s industry-best 90% loan-to-value ratio (LTV) and over 45 coins to choose from as collateral. Ledger, the official developer of the Ledger Live app, recommends users verify the authenticity of their binary installation file by comparing its hash value to the one listed here.

Anyone asking you for your recovery phrase is a criminal. Period.

At $249, it’s the perfect entry point for users seeking powerful protection without sacrificing simplicity or convenience. With every update, Ledger incorporates the Donjon’s findings, keeping the hardware and software one step ahead against emerging threats in real-time. The Ledger Donjon is its in-house security research lab, staffed by white-hat hackers who continually attempt to exploit Ledger devices to uncover any vulnerabilities.

With Ledger Live, it’s possible to manage and stake your digital assets, all from one place

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. 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.

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. The app is designed to run on Windows, macOS, and Linux operating systems.

Send cryptoassets from your Ledger Nano S

• With every update, Ledger incorporates the Donjon’s findings, keeping the hardware and software one step ahead against emerging threats in real-time.
• This way, you can regain access to your wallet securely if needed, all while maintaining full ownership of your assets.
• A Web3 wallet is essentially your digital keychain for the new internet era—Web3.
• Not only does it empower you to use your cryptocurrency without selling it, but it allows you to do so most conveniently and securely as possible.
• 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.
• This partnership represents the completion of yet another bridge adding further convenience for both YouHodler and Ledger users.
• I had them staked for quite a while, and now they’re just…

It unapologetically pushed that update live, eliminating years of perception that private keys never left a hardware wallet. The mission at YouHodler is to make your digital assets work for you by building bridges between traditional finance and crypto, banking and trading, and CeFi and DeFi. This partnership represents the completion of yet another bridge adding further convenience for both YouHodler and Ledger users.

Think of it as your digital superhero cape—giving you power and security in the wild, wild Web3. Restore access to your crypto wallet in case of a lost, damaged, or out of reach Secret Recovery Phrase. Ledger Live can be used to connect your hardware wallet to cryptoasset and fiat on-ramps. This guide provides complete step by step instructions on how to setup a new Ledger Nano S hardware wallet, using the Ledger Live application.

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. Since 2014, Ledger has been safeguarding digital value, offering top-tier security to blockchain users with industry-defining hardware wallets. A lot has happened in crypto since then, and growing web3 adoption and advancement have also brought a string of cybersecurity threats. The best crypto wallet for mobile phones is the Ledger crypto wallet. 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.

Ledger crypto wallets are widely known as the best crypto wallets for desktop users, particularly due to the uncompromising value they place on both security and user-friendliness. You can start staking coins through the Ledger Live crypto wallet app. Track your rewards in the Earn section and discover staking opportunities across chains. Microsoft has recently removed from its store a fraudulent Ledger Live app for cryptocurrency management after multiple users lost at least $768,000 worth of cryptocurrency assets. Ledger Live is only the interface that lets you send and receive transactions, setup accounts and view your balances on a Ledger wallet.

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. 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 the latter case, you simply need to enter your secret recovery phrase to unlock the device and set a new PIN. This PIN code is the first line of defense, protecting your digital assets from anyone who gains physical access to your device. Without your PIN, you cannot unlock the device, sign transactions, or even update its firmware.

The application allows you to be safely in possession of your crypto wallets and digital assets. Besides, the program is easy to install on a computer, and its intuitive interface makes it possible for using to be super simple and trouble-free. You can manage your assets at any time, conduct monitoring, exchanges, and other operations. Besides, with Ledger Live, you will be able to access a decentralized application and Web3.

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. As the NFT platform market continues its upward trajectory, the role of secure and adaptable wallets becomes crucial in protecting these digital assets. While both Ledger Live and Plus Wallet offer unique features, Plus Wallet distinguishes itself as a top crypto DeFi wallet.

Regarding security, Ledger’s cold wallets are traditionally viewed as highly secure. Yet, by 2024, advanced encryption enables hot wallets like Plus Wallet to provide comparable security levels. Plus Wallet ensures the security of private keys directly on the user’s device with top-tier encryption. Ledger Live’s collaboration with THORChain enables direct cross-chain swaps, allowing fluid exchanges across blockchains like Bitcoin and Ether. This partnership is Ledger Live’s initial venture into leveraging DeFi protocols for cross-chain transactions, broadening its appeal for users managing diverse blockchains.

By following these steps, you ensure ​your cryptocurrency is stored securely, away from potential online threats. For ​detailed guidance and troubleshooting, visit Ledger.com/start or consult the user ​manual that came with your device. Backed by Ledger’s time-tested security model, your assets are shielded from all kinds of threats—regardless of which device you choose.

The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Instead of entrusting your keys to a third-party, non-custodial wallets give you, the wallet’s owner, the exclusive responsibility of securing your private keys and wallet. In a post on Reddit, another victim shared how they lost their life savings of $26,500 just a few minutes after typing the seed phrase into the fake Ledger Live app. A second cryptocurrency wallet used for the scam had collected about $180,000 from victims.