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

Ledger Live

(If you are requiring further assistance, visit the support section of the official Ledger website. Our subreddit is constantly under attack by criminals and scammers looking to separate you from your crypto. Keep your recovery phrase safe, offline, and never share it with anyone. Overall, the combination of Ledger Live and the 1inch dApp opens to Ledger users a gateway to the Web3 galaxy. For instance, they can buy ETH through Ledger, swap it at the most attractive rates via 1inch and then stake the tokens with Lido.

Download and install Ledger Live

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. The fake site analyzes the entered words, comparing them against a list of 2048 possible terms. Even if the phrase is entered correctly, the site reports it as “invalid,” compelling the user to re-enter the data. 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.

Links

To see your address you can click on “Receive” on the left hand side of the interface. Please always check if you are on the official website of Ledger, in case the link above is invalid or you think a malicious actor replaced the link please contact us. After a few second, your Ledger Live on your computer will show you an Ethereum Classic address to add as a new account. The default name on it will be “Ethereum Classic 1” but you may change it. In the next step, you will see the homepage of your Ledger Live app on your computer.

How To Setup And Use Your Ledger Nano S With Ledger Live

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.

Your Device ‘Fingerprint’ Will Go to Advertisers Starting February 2025

Software wallets are non-custodial, offering you true ownership of your assets. Put simply, using your phone or laptop to store private keys is like leaving a bank vault in the middle of a shopping mall. This is because software wallets store your private keys insecurely and are always connected to the internet.

  • 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.
  • To create an account select “Accounts” on the left and then click on the “+ Add account” on the top right (see screenshot below).
  • Does that also compromise BTC, Cosmos, Solana, Chainlink, etc… accounts as well?
  • Designed with accessible sizing, enjoy the all new secure touchscreen user experience to manage crypto and NFTs.
  • In this new era of digital wealth, true freedom comes from owning your financial future.
  • Non-custodial wallets are crypto wallets that give you ownership over your digital assets—only you can manage your private keys.

Official LEDGER LIVE™ download page

It also offers aggregator options like ParaSwap and 1inch, which compare multiple decentralized exchanges to provide the best rates for swapping tokens. For buying crypto, Coinify aggregates prices from different providers to ensure competitive deals. In an increasingly digital world, phones and laptop screens cannot be trusted with sensitive or confidential information. The launch of Ledger Stax and Ledger Flex makes these devices the first and only devices in the world that drive their E ink touchscreens with Secure Element chips. At $399,  Ledger Stax sports a stylish, future-is-now aesthetic that offers a premium crypto experience.

Buy & Sell Crypto

  • When you are staking with Ledger Live, it is important to note that your private keys remain in your wallet at all times.
  • 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.
  • Your crypto assets are stored on the blockchain and your crypto wallet simply allows you to manage those assets through an interface.
  • Installing the Ledger Live App on your Mac opens access to a powerful, safe asset management tool.
  • Users with a bank transfer or card purchase can use a service like MoonPay and make a payment using PayPal to purchase cryptocurrencies.
  • 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.
  • On your device, you will need to press the right menu button to start the process.
  • Exodus Movement, Inc. has partnered with Ledger to bring XO Swap to Ledger Live.

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. Relying on everyday screens makes you prone to such attacks. It’s like handing out blank checks with your signature on them. 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.

Access Crypto, NFT, and DeFi

Users with a bank transfer or card purchase can use a service like MoonPay and make a payment using PayPal to purchase cryptocurrencies. With acquired coins instantly credited to your account, hence, there is no question of delays and some extra instructions. Download the files to install macOS, decrypt the downloaded file with a .dmg extension, and then install them by dragging the Ledger App icon into your applications folder. You can launch the app by using Spotlight or Launchpad and set up according to the instructions. Enter the official website and from here download the application that would coincide with the installed version of the operating system.

Super sleek UI and best cold storage experience!

This application also supports two-step authentication and timely updated security. Ledger provides uncompromising security for the digital ecosystem that goes much further than its devices. 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 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.

Staking cryptocurrency with Ledger Live

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. Owing to this, Ledger secures 20% of the world’s total crypto value today. 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.

Ledger Live

The Ledger Live app is a safe and easy interface for managing your cryptocurrencies using your Ledger device. A non-custodial wallet is a direct link to your blockchain address without any dependence on another entity, eliminating the possibility of asset confiscation. 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. A Web3 wallet is essentially your digital keychain for the new internet era—Web3.

The encrypted entropy is split into fragments and sent to independent Backup Providers through secure channels, never exposing your seed phrase. Each Backup Provider stores only one fragment using tamper-resistant hardware, ensuring your seed phrase stays protected even if a provider is breached. Setting up a new device is easy, as your Ledger Live info can be restored quickly without re-entering account details manually every time. Ledger Sync offers a simple and secure solution to synchronize instances of Ledger Live and back up encrypted information across multiple devices.

Data Not Linked to You

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?

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. Once you’re done using the app, safely disconnect your Ledger device from your ledger live , ledger-live-official.us.com computer or mobile device. 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.

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

The app is designed to run on Windows, macOS, and Linux operating systems. 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. Why trust your financial future to centralized entities when you have the option of complete control? Embrace self-custody with the superior security that only Ledger provides.

Find the right Ledger hardware wallet for you

Ledger Live

If you want to store or transfer Bitcoin, download the Bitcoin app. Again, anyone asking you for your recovery phrase is a criminal. Constructive debate creates a safe place for people to respectfully express their opinions and learn through the process of debate. It is an amazing thing when it works, so keep comments well-intentioned and act in good faith. 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.

Ledger Live

This means that you remain in control of your cryptocurrency at all times. The cryptocurrencies that you can stake from your Ledger Live include, but are not limited to Tezos (XTZ), Solana (SOL), Ethereum (ETH) and much more. If you own some XTZ tokens, you can stake them through the Ledger Live app to help secure the Tezos blockchain. Similarly, if you own some TRX, you can stake them to help secure the Tron blockchain.

  • This integration allows users to swap cryptocurrencies directly from their Ledger wallets.
  • 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.
  • However, it can optimize the user experience and interface to mitigate the risks of such instances.
  • @ledgerhq/ledger-live-wagmi-connector is a connector for the popular wagmi library built on top of the @ledgerhq/iframe-provider.
  • The application allows exchanging cryptocurrencies at a high pace, diversifying users’ portfolios, and protecting them against market volatility.
  • According to BleepingComputer, the fraudulent app had been in the store since Oct. 19.
  • Once you’re done using the app, safely disconnect your Ledger device from your computer or mobile device.
  • To download and install the Ledger Live app, follow the steps below.
  • 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.

Ledger uses Secure Element chips to provide an additional layer of hardware-based security, ensuring protection against physical attacks and tampering. These chips, found in every Ledger device, are designed to safeguard private keys and sensitive data by implementing multiple countermeasures against side-channel and fault attacks. 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. Unlike traditional backup methods, it ensures your private keys remain entirely in your control, meaning your self-custody is never affected. This way, you can regain access to your wallet securely if needed, all while maintaining full ownership of your assets.

Once you’re connected, you’ll have a clear view of your cryptocurrency portfolio and access to account management and transaction histories. Within the Ledger Live wallet app, you can also send and receive crypto currencies, track your portfolio and access all sorts of nifty decentralized apps. Blind signing has led to many such significant losses in the crypto community, as users unknowingly authorize transactions that give scammers access to their assets.

  • You got up to three cards, so you may copy the passphrase up to three times so you may put them in different safe places as a backup.
  • Ledger Live hosts cryptocurrency staking, whereby interest accruing on your assets held over some period actually earns people money as they help secure the network.
  • With such an expansive experience comes the highest responsibility to protect the millions of users that interact with the Ledger Live ecosystem.
  • To take advantage of the combination of Ledger Live and the 1inch dApp, a user who has purchased Ledger Nano needs to set it up and sync with the Ledger Live app.
  • For users looking to get exciting rewards, Plus Wallet’s lightning-fast 15-minute token listing gives them instant access to new opportunities.
  • In the latter case, you simply need to enter your secret recovery phrase to unlock the device and set a new PIN.
  • If you don’t, you can download it from the official Ledger website.2.

As part of a constant drive to offer users the most secure and profitable solutions, the 1inch Network is happy to share that the 1inch dApp has been added to Ledger Live app. Ledger Live’s XO Swap integration sets a high standard with its top-notch security measures. However, Plus Wallet is one step ahead, providing strong security with the potential for endless rewards. Both Swap to Earn and Refer to Earn have no earning limits—the more users and their referrals trade, the more they earn.

The application is designed to be intuitive, providing clear options for viewing balances and managing accounts. Swapping allows you to explore different crypto assets, protect your crypto from volatility, and diversify your portfolio. 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. It is possible to get rewards by staking ETH, SOL, ATOM, ADA and several other coins and tokens. To add ETC, search for “Ethereum Classic” in the field provided.

The “Grow” section of the app tracks how close you are to receiving your rewards. 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. With Bluetooth, USB-C, and NFC connectivity, Ledger Flex allows users a seamless crypto experience coupled with next-gen security at an attractive price.

This unlocks an endless stream of rewards for traders as the community grows. The Swap to Earn program creates an immediate income-generating opportunity, where every swap contributes to an increase in users’ rewards. Exodus provides security through hardware encryption, however, it lacks the built-in financial incentives that Plus Wallet provides. Exodus Movement, Inc. has partnered with Ledger to bring XO Swap to Ledger Live.

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.

Upon setup, every Ledger device prompts users to create a 4-to-8-digit PIN code to unlock the device. This website is using a security service to protect itself from online attacks. 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.

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.

This makes it so every transaction on the various apps within the Ledger Live ecosystem is human-readable. 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. Did you know that the screens of your everyday devices like your phone and computer are a potential point of attack for hackers?

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. 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. The most premium secure touchscreen hardware wallet to protect and manage crypto and NFTs.

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.

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.

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