Fake Mac App Store Ledger App Drains $424K, Apple Eyes $2K Foldable iPhone
A counterfeit Ledger Live app on Apple's Mac App Store stole nearly 5.92 BTC worth over $424,000 from musician G. Love after he entered his recovery phrase. Apple plans a foldable iPhone over $2,000 in late 2026, targeting high-end markets and reinforcing its ecosystem.
1. Fake Ledger App Drains Over $424,000 in Bitcoin
On April 11, musician G. Love lost 5.92 BTC (worth over $424,000) after downloading a malicious Ledger Live–branded app from the Mac App Store and entering his 24-word recovery phrase. On-chain analysis shows the stolen funds were routed through KuCoin deposit addresses, with security experts warning against entering seed phrases on internet-connected devices and urging users to verify wallet software independently.
2. Apple’s Foldable iPhone Set for $2,000+ Launch in Late 2026
Apple will enter the foldable smartphone segment in late 2026 with a device priced above $2,000, aiming at premium markets such as China where competitors have gained traction. While a high-end foldable may boost hardware revenue, analysts emphasize Apple’s core investment thesis lies in its integrated ecosystem and high-margin services business.