A veteran musician's retirement fund vanished "in an instant" after he trusted the wrong app. Garrett Dutton, better known as G. Love of G. Love & Special Sauce, says he lost his stash of 5.92 bitcoin after downloading what he thought was the Ledger wallet app, which allows users to manage their cryptocurrency holdings, from Apple's App Store onto a new computer, per the Street. Posting on X on Saturday, the Philadelphia-based Dutton said he was fooled by an impostor app that duped him into entering his seed phrase, giving scammers access to his funds, worth about $424,000, Gizmodo reports. The fund was the result of a decade of savings, Dutton said. "It was my own damn fault for not being more diligent. But let it serve as a warning. There's so many scams," he wrote.
Dutton also pushed back at critics who accused him of fabricating the loss after he welcomed bitcoin donations. Independent cryptocurrency fraud investigator ZachXBT later tracked the stolen coins through several KuCoin deposit addresses. KuCoin says it has frozen the accounts but might not be able to do more without the involvement of law enforcement. The episode lands as US authorities warn of mounting crypto crime: the FBI reported digital-asset losses of $11.36 billion in 2025, up 22% from 2024, and the Treasury Department has just rolled out a new alert system for crypto firms to bolster defenses. Ledger notes that requests to input seed phrases are a sign of fraudulent software. It appears the App Store has since removed the fake app.
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