A new fraud case has emerged in the cryptocurrency world that has attracted attention.
According to information shared by blockchain researcher ZachXBT, a fake Ledger Live application on Apple’s App Store platform stole a total of $9.5 million from more than 50 users between April 7 and 13.
According to the investigation, the attack spanned five different blockchains, including Bitcoin, EVM-based networks, Tron, Solana, and Ripple. The fake application, which obtained users’ wallet information, quickly emptied assets by redirecting them to different addresses.
ZachXBT, tracing the stolen funds, stated that the assets were laundered through more than 150 KuCoin deposit addresses. These addresses are allegedly linked to a centralized “mixer” service called AudiA6, which is claimed to offer illegal fund laundering services with high commissions. It was noted that there has been a recent increase in illegal activity on KuCoin, and it was recalled that the exchange previously paid over $300 million in fines in the US for anti-money laundering (AML) violations and was banned from registering new EU users by Austrian regulators in February 2026.
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One of the most striking aspects of the incident was the magnitude of the losses suffered by some of the victims. According to on-chain data, three major investors alone lost millions of dollars. On April 9th, one user lost 3.23 million USDT, on April 11th another user lost 2.07 million USDC, and on April 8th yet another victim lost a total of 20.64 BTC, 211 stETH, and 70 ETH.
The fake app in question was removed by Apple, and the incident has reignited discussions about platform security. Experts say that such cases raise questions about the App Store’s moderation processes and that the possibility of a class-action lawsuit against Apple is being discussed.
*This is not investment advice.