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

Ledger Live

The Ledger Nano S, launched in 2016, is now the best-selling hardware wallet of all time. It also supports various ERC-20 tokens and other popular cryptocurrencies. 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. Microsoft has recently removed from its store a fraudulent ledger live , ledger-live-official.net app for cryptocurrency management after multiple users lost at least $768,000 worth of cryptocurrency assets.

Every app built for Ledger Live implements this plugin and also undergoes an audit.
Ledger’s commitment to security doesn’t stop at its hardware and software.
Ledger Live is the essential companion app that elevates the experience of Ledger’s hardware wallets.
This data includes information on digital assets and NFTs stored on Ledger wallets.
Open the Ledger Live application on your computer or mobile device.5.
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.
When you are staking with Ledger Live, it is important to note that your private keys remain in your wallet at all times.

Ledger

The application runs on devices that have the iOS operating system, version 11.0 and above. 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. 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. 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.

It can also send segment.io account information including names of digital assets owned and other information about users’ computers.
If you’re setting up a fresh address, just follow regular set up as new device procedure.
The encrypted entropy is split into fragments and sent to independent Backup Providers through secure channels, never exposing your seed phrase.
You can start staking coins through the Ledger Live crypto wallet app.
You can connect your hardware wallet to your phone directly using an OTG cable.
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.
A crypto wallet is a physical device, designed to enhance the security of your private keys by securely storing them offline.
Through the years, Ledger has upheld self-custody by giving users a more secure crypto experience.
Ledger Flex and Ledger Stax take security beyond just your assets.

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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.

Why Is Ledger So Secure?

This leaves them vulnerable to malware and spyware aiming to read or extract your private keys or seed phrases.
With Ledger Recover, your identity becomes the key to your crypto.
This app is currently supported across Ledger devices from the Ledger Nano S to Ledger Stax.
For example, you can send or receive transactions, check balances, and perform other actions depending on the app’s functionality.10.
Ledger Live is our platform of apps and services designed specifically for seamless integration with your Ledger device.

Blind Signing refers to signing a transaction you don’t understand and cannot interpret in a human-readable format. This is where Ledger’s security model separates itself from the norm. Owing to this, Ledger secures 20% of the world’s total crypto value today.

Ledger Nano Range

Scammers are targeting every crypto subreddit hoping to separate you from your crypto. 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. Libraries serve as publicly available packages, designed for integration with other libraries or applications.These packages are deployed to the official npm repository under the @ledgerhq organization. You will need to perform additional installation steps depending on the package you want to work on, please refer to its nested readme file.

Do not create posts requesting responses to your support tickets.

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. Custodial wallet issuers have the power over all accounts on their platforms. They have the control to freeze your accounts or access and mishandle your funds.

Never lose access to your wallet

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.

Ledger Live

Add Ledger to an existing multisig

These keys encrypt your Ledger Live data, allowing it to be securely transmitted over public channels. Only you, the owner of your Ledger device, can decrypt this information. Moreover, Ledger’s clear signing initiative makes its Clear Signing plugin a pre-requisite for dApps, apps, and providers that integrate with Ledger Live.

Ledger Security Key

When you are staking with Ledger Live, it is important to note that your private keys remain in your wallet at all times. 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.

A multi-crypto wallet app to secure thousands of coins and NFTs

Ledger Live can be used to connect your hardware wallet to cryptoasset and fiat on-ramps. 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. Once installed, open FIDO U2F on the dashboard of your Ledger device.

I’d rather give it away to somebody unknown on the Internet than sell bitcoin for that !
Since 2014, Ledger has been safeguarding digital value, offering top-tier security to blockchain users with industry-defining hardware wallets.
This is where Ledger’s security model separates itself from the norm.
Unlike traditional backup methods, it ensures your private keys remain entirely in your control, meaning your self-custody is never affected.
If you want to store or transfer Etheruem (or any tokens living on Etheruem) install the Eth app.
In this tutorial we will explain how to manage your ETC by connecting your Ledger Nano S Plus to your phone.

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.

Ledger Recover

Unlimited phone and email access to our USA based support team. All wallets are brand new, sourced directly from our partners, and verified secure. Staking cryptocurrency is similar to—but not exactly the same as—earning interest from your bank on your savings account.

Ledger: Self-Custody Meets Superior Security

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.

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.

Can I handle multiple cryptocurrencies using the Ledger App?

Ledger Live is the official desktop application from Ledger that acts as an interface with the Ledger Nano S hardware wallet. 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 a multifunctional application designed for exchanging, purchasing, sending and safely storing cryptocurrency. The software supports a huge number of coins and tokens, and is also compatible with various stationary and portable devices.

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Not everyone wants to connect their ledger or Trezor to a bulky computer to do transactions. Looking at my money and portfolio in a beautiful interface is a must have for me. I think it’s crazy people will actually use soft wallets that take control of your keys. Not with Ledger, not only do you have absolute full control of your keys but multiple methods to enjoy moving crypto using their platforms. Think of it like taking a vacation to some beautiful island owning your freedom being in control on sandy beach without any fears, worries or banking systems. On your phone being in that first generation to participate how we’d change payments.