Invest ideasNews
14 Apr 2026, 15:30
Tether launches self-custodial wallet to expand global USDT usage across multiple blockchains
Tether, Inc. announced the launch of its native multi-asset wallet. Tether.wallet will carry multi-chain USDT, as well as BTC and tokenized gold. Tether announced the launch of its native Tether.wallet, a self-custodial app to bring USDT even closer to end users. While USDT is supported by most major wallets, a self-custodial native tool may be well-suited for users relying on Tether for remittances. 570 million people trust Tether. Now, we’re putting that global infrastructure directly into your hands. 🌐 Meet Tether Wallet: the fully self-custodial app designed for everyday life. ▪️Universal: 💸 USD₮, USA₮, XAU₮, & Bitcoin (On-chain + Lightning⚡). ▪️Simple: Send to… pic.twitter.com/TfeWRT0VOl — tether wallet (@tetherwallet) April 14, 2026 Tether estimates its stablecoin is used by around 570M users globally, with adoption increasing across both emerging and developed markets. Tens of millions of new wallets are added each quarter. To compare, MetaMask retains around 100M users. Tether introduces wallet to deepen global adoption The new app has the potential to become one of the leading wallets, acting as a direct hub for the multi-chain version of USDT. Despite its influence, USDT operated without a native payment app, serving only through third-party services for the digital economy, including DEXes, centralized trading, liquidity pools, and lending. The stablecoin is used in over 160 national markets. The multi-chain USDT version is the most widely used asset for global dollarization, and has organically created one of the densest and far-reaching money networks. The wallet completes the growing open financial system with a product designed for everyday use. The wallet will carry the most essential assets, USDT, USAT, tokenized gold XAUT, as well as BTC. The wallet’s main goal is to offer multi-chain versions and simplify the usage of digital assets. Users will also have a human-readable identifier name to avoid copy-pasting long addresses. At the same time, the wallet will be entirely self-custodial, and users will sign their transactions locally, in full control of their private keys. The wallet will allow paying transaction fees in USDT, eliminating the need to hold native tokens across multiple chains. This will differentiate Tether.wallet from other apps that may require purchasing multiple gas tokens. The need to only host USDT and use multiple chains may remove one of the major friction points in DeFi, trading, and general transfers to other chains, without the need to risk losing assets to bridging, errors, or smart contracts. Tether active addresses peaked in March Tether’s adoption is evident in the daily active addresses. Daily activity peaked in March with over 334K daily active wallets. As usual, USDT is most widely used on Ethereum and TRON, supplying liquidity to global markets. The wallet’s launch also arrives at a time when scams and hacks abound. Tether has been known for being relatively fast in freezing assets. The new wallet will offer self-custody, but will integrate another security layer to drive global regulated adoption. The wallet will operate under the jurisdiction of the British Virgin Islands. As with other USDT trading tools, fiat redemptions are only for KYC-verified users, while others can use USDT on decentralized platforms. The wallet may also be used to screen addresses, restrict access, and trace funds obtained fraudulently. Your keys, your card. Spend without giving up custody and earn 8%+ yield on your balance with Ether.fi Cash.
14 Apr 2026, 15:30
Bitcoin Price Plummets: BTC Falls Below Crucial $75,000 Support Level
BitcoinWorld Bitcoin Price Plummets: BTC Falls Below Crucial $75,000 Support Level Global cryptocurrency markets witnessed a significant shift on April 10, 2025, as the Bitcoin price fell below the critical $75,000 psychological support level. According to real-time data from Bitcoin World market monitoring, BTC was trading at $74,986.32 on the Binance USDT perpetual futures market, marking a notable retreat from recent highs. This price movement triggers immediate analysis from traders and long-term investors alike, who are now scrutinizing market structure and macroeconomic catalysts. Bitcoin Price Dips Below Key Threshold The descent of the Bitcoin price below $75,000 represents more than a simple numerical change. Market analysts immediately began examining order book liquidity and exchange flows. Historically, round-number levels like $75,000 often act as major support or resistance zones due to concentrated trader activity. Consequently, a break below such a level can trigger automated sell orders and shift short-term market sentiment. Data from several major exchanges confirmed the move was not isolated to a single platform. Furthermore, this price action follows a period of consolidation after Bitcoin’s rally earlier in the quarter. Trading volume analysis shows a noticeable increase during the decline, suggesting active participation rather than a shallow pullback. On-chain data providers reported simultaneous movements of older Bitcoin holdings, potentially indicating profit-taking by long-term holders. Market depth charts revealed thinning buy-side support just below the $75,000 mark, which accelerated the downward move once it began. Contextualizing the Cryptocurrency Market Move To understand the significance of this Bitcoin price movement, one must consider the broader financial landscape. Traditional equity markets showed mixed performance in the preceding sessions, with technology stocks experiencing volatility. Simultaneously, the U.S. Dollar Index (DXY) exhibited strength, which often creates inverse pressure on dollar-denominated assets like Bitcoin. These intermarket dynamics provide essential context for cryptocurrency volatility. Additionally, regulatory developments continue to influence market psychology. Recent statements from global financial authorities regarding digital asset frameworks have created an environment of cautious evaluation. Institutional inflows, as tracked by fund flow products, showed a slight deceleration in the days leading to the price drop. This combination of technical breakdown and shifting macro-fundamentals creates a complex picture for analysts. Expert Analysis on Market Structure Seasoned market observers emphasize the importance of distinguishing between healthy corrections and trend reversals. A pullback of this magnitude, within the context of a longer-term uptrend, can serve to reset overbought conditions and establish a stronger foundation for future advances. Key metrics under review include the Bitcoin dominance rate, which indicates BTC’s market share relative to other cryptocurrencies, and the funding rates in perpetual swap markets, which gauge trader sentiment. Technical analysts are now watching several important levels. The next significant support zone is identified around the $72,000 area, which coincides with the 50-day moving average and a previous consolidation range. Resistance is now expected near the $76,500 level, which was the prior local support. The Relative Strength Index (RSI), a momentum oscillator, moved out of overbought territory, which some technicians view as a necessary development for sustained bullish momentum later. Historical Precedents and Volatility Patterns Bitcoin’s history is characterized by periods of intense volatility followed by consolidation. A review of past cycles shows that corrections of 10-20% are common within broader bull markets. For instance, during the 2021 cycle, Bitcoin experienced multiple drawdowns exceeding 15% before continuing its upward trajectory. This historical perspective helps frame the current move not as an anomaly, but as a recurring feature of the asset class’s behavior. The table below illustrates recent notable Bitcoin corrections within bull market phases: Period Peak Price Correction Depth Duration Subsequent Action Q1 2023 $25,000 -18% 3 weeks Resumed uptrend Q3 2023 $31,800 -22% 6 weeks Consolidation then breakout Q1 2024 $73,800 -17% 4 weeks New all-time high This pattern underscores the importance of a long-term perspective. Short-term price fluctuations, while impactful for derivatives traders, often have less significance for investors with a multi-quarter or multi-year horizon. The fundamental drivers of Bitcoin adoption—including institutional integration, technological development, and macroeconomic uncertainty—remain largely unchanged by a single day’s price action. Potential Impacts and Market Implications The immediate effect of the Bitcoin price falling below $75,000 is felt across several market segments. Firstly, leveraged positions in the derivatives market faced liquidation, as evidenced by rising liquidation heatmaps. This deleveraging can create cascading selling pressure but also cleanses excessive speculation from the system. Secondly, altcoins, which often exhibit higher beta to Bitcoin’s movements, showed amplified declines, with the total cryptocurrency market capitalization dipping in tandem. For investors, this development necessitates a review of risk management strategies. Key considerations now include: Portfolio Rebalancing: Assessing asset allocation relative to risk tolerance. Dollar-Cost Averaging: Evaluating entry points for incremental investment. Option Strategies: Utilizing derivatives for hedging or defined-risk exposure. On-Chain Monitoring: Tracking exchange net flows and holder behavior for signals. Market infrastructure providers, such as exchanges and custody services, typically see increased activity during volatile periods. This stress tests system resilience and liquidity provision. Meanwhile, media coverage and social sentiment often turn negative following declines, which can paradoxically create contrarian buying opportunities when extreme fear is present. Conclusion The Bitcoin price movement below $75,000 serves as a stark reminder of the asset’s inherent volatility. This event is best understood through a multi-faceted lens incorporating technical analysis, macroeconomic context, and historical pattern recognition. While the short-term trajectory remains uncertain, the fundamental long-term thesis for digital scarcity and decentralized networks continues to attract institutional and retail interest. Market participants should prioritize robust risk management and evidence-based analysis over emotional reactions to single data points. The coming sessions will be crucial for determining whether this represents a brief correction or the beginning of a deeper consolidation phase for the leading cryptocurrency. FAQs Q1: Why is the $75,000 level considered important for Bitcoin? The $75,000 level is a major psychological round number that often concentrates trader interest and limit orders. It previously acted as support, so a break below can trigger automated selling and shift short-term market sentiment. Q2: What typically causes sudden Bitcoin price drops like this? Sudden drops can result from a combination of factors: large sell orders exhausting buy-side liquidity, negative news or regulatory sentiment, strength in traditional markets or the US dollar, profit-taking by large holders, or cascading liquidations in the leveraged derivatives market. Q3: How does this drop compare to historical Bitcoin corrections? Corrections of 10-20% are common within Bitcoin bull markets. The current move is within the range of historical volatility. Past cycles show such pullbacks often provide a healthier foundation for subsequent advances by resetting overbought conditions. Q4: Should investors be worried about Bitcoin falling below $75,000? Short-term price movements are inherent to volatile assets like Bitcoin. Long-term investors typically focus on fundamental adoption trends rather than daily fluctuations. However, it underscores the importance of proper position sizing and having a risk management strategy. Q5: What are analysts watching to gauge the next market direction? Key metrics include: Bitcoin holding above the next support zone near $72,000, exchange net flows (whether coins are moving to or from exchanges), derivatives funding rates, and broader macroeconomic indicators like the DXY and bond yields. This post Bitcoin Price Plummets: BTC Falls Below Crucial $75,000 Support Level first appeared on BitcoinWorld .
14 Apr 2026, 15:20
Bitcoin Taps $76,000 as Iran Peace Signals Boost Crypto Markets
Bitcoin reached $76,000 on Tuesday, as optimism over a potential U.S.-Iran diplomatic opening lifted risk appetite across global markets. After reaching $76,120 on Bitstamp, the leading crypto asset has pulled back to just above $75,000. Key Takeaways: Bitcoin hit $76,000 on April 14 after Donald Trump signaled Iran talks; risk-on flows lifted crypto. Brent fell
14 Apr 2026, 15:15
Aster Revolutionizes Binance Wallet Integration to Unlock Seamless Derivatives Access
BitcoinWorld Aster Revolutionizes Binance Wallet Integration to Unlock Seamless Derivatives Access In a significant development for decentralized finance, Aster has dramatically enhanced its Binance Wallet integration, fundamentally transforming how traders access derivatives markets while maintaining complete asset control through self-custody solutions. This strategic upgrade, announced on April 14, 2025, introduces comprehensive perpetual futures trading capabilities directly within the wallet interface, creating a unified environment for trading diverse assets including cryptocurrencies, U.S. stocks, ETFs, and commodities. The integration represents a pivotal moment in DeFi evolution, bridging the gap between traditional financial instruments and blockchain-based trading infrastructure. Aster’s Enhanced Binance Wallet Integration Expands Trading Horizons The enhanced integration between Aster and Binance Wallet introduces several groundbreaking features that redefine decentralized derivatives trading. Primarily, the platform now incorporates a sophisticated app-based perpetual futures trading system that operates seamlessly within the wallet environment. This development allows users to execute complex trading strategies without transferring assets to external exchanges, thereby eliminating counterparty risk associated with centralized platforms. The integration specifically enables trading of multiple asset classes through a single interface, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), alongside traditional financial instruments. Furthermore, Aster has implemented a USD1-based perpetual futures market, representing a significant innovation in collateral management. This system permits traders to utilize USD1, a stablecoin pegged to the U.S. dollar, as collateral for their derivative positions across various assets. The approach provides enhanced stability compared to volatile cryptocurrency collateral while maintaining the efficiency of blockchain-based settlement. Industry analysts note that this collateral innovation addresses one of the primary concerns in decentralized derivatives trading—collateral volatility—potentially attracting more conservative institutional participants to the DeFi ecosystem. Technical Architecture and Security Considerations The technical implementation involves sophisticated smart contract architecture that maintains complete self-custody while enabling complex trading operations. Unlike traditional centralized exchanges where users surrender control of their assets, Aster’s solution keeps all funds within the user’s Binance Wallet throughout the trading process. The system utilizes advanced cryptographic techniques to verify positions and execute settlements on-chain, ensuring transparency and auditability. Security experts emphasize that this architecture significantly reduces custodial risk, which has been a persistent concern following several high-profile exchange collapses in recent years. Market Impact and Competitive Landscape Analysis The enhanced integration arrives during a period of accelerated growth in the decentralized derivatives sector, which has expanded by approximately 300% since 2023 according to industry analytics firm DeFiLlama. Aster’s move positions the platform competitively against established DeFi derivatives protocols like dYdX, GMX, and Perpetual Protocol, which collectively process billions in daily trading volume. However, Aster’s distinctive approach through direct wallet integration creates a unique value proposition by reducing friction for existing Binance Wallet users, who number in the millions globally. Market observers highlight several potential impacts of this development. First, the reduced fee structure combined with WLFI (Weighted Liquidity Fee Incentives) could attract substantial trading volume from cost-sensitive participants. Second, the inclusion of traditional assets like U.S. stocks and ETFs within a DeFi framework represents a significant step toward the convergence of traditional and decentralized finance. Third, the promotional campaign offering Alpha Points for achieving $1,000 in cumulative trading volume between April 14 and 28, 2025, may stimulate initial adoption and liquidity provision. Comparative Analysis of DeFi Derivatives Platforms (2025 Q1) Platform Trading Volume (24h) Supported Assets Collateral Options Fee Structure Aster (with Binance Wallet) Data pending Crypto, Stocks, ETFs, Commodities USD1, Multiple Cryptocurrencies Reduced + WLFI incentives dYdX $2.8B Cryptocurrencies only USDC, DAI Maker-taker model GMX $1.2B Major Cryptocurrencies Multiple stablecoins 0.1% opening/closing Perpetual Protocol $850M Cryptocurrencies USDC, ETH 0.1% trading fee Regulatory Considerations and Compliance Framework The expansion into traditional asset derivatives within a decentralized framework raises important regulatory considerations. While Aster operates as a decentralized protocol, the trading of securities-linked derivatives typically falls under securities regulations in many jurisdictions. Legal experts suggest that the platform’s architecture, which maintains user self-custody and operates through automated smart contracts, may present novel regulatory questions that existing frameworks don’t adequately address. The platform’s documentation indicates compliance with applicable regulations through geographic restrictions and user verification processes, though specific details remain proprietary. User Experience and Accessibility Improvements The integration significantly enhances user experience by consolidating multiple trading functions within a single interface. Previously, traders seeking exposure to diverse asset classes needed to utilize multiple platforms with varying interfaces, security models, and settlement processes. Aster’s solution streamlines this complexity through several key improvements: Unified Interface: All trading functions accessible through Binance Wallet’s familiar interface Simplified Collateral Management: Single collateral pool supporting multiple positions Real-time Portfolio Overview: Consolidated view of all positions across asset classes Reduced Transaction Costs: Elimination of multiple transfer fees between platforms Enhanced Security: Maintenance of self-custody throughout trading lifecycle Accessibility features include support for multiple trading pairs, advanced order types, and comprehensive risk management tools. The platform also incorporates educational resources directly within the interface, helping users understand derivative products’ complexities and associated risks. This educational component addresses growing regulatory emphasis on investor protection in decentralized finance environments. Economic Incentives and Tokenomics Implications The WLFI incentive system represents a sophisticated economic mechanism designed to align participant behavior with platform growth objectives. Unlike simple fee reductions, WLFI distributes rewards based on multiple factors including trading volume, liquidity provision, and platform engagement. This multi-dimensional approach aims to create sustainable ecosystem growth rather than temporary volume spikes. Additionally, the Alpha Points promotion during the April 14-28 period serves as an initial user acquisition strategy, potentially converting Binance Wallet’s substantial user base into active derivatives traders on Aster. From a tokenomics perspective, the integration may impact ASTER token valuation through several channels. Increased platform usage typically generates higher fee revenue, a portion of which may accrue to token holders through existing distribution mechanisms. Furthermore, enhanced utility through the Binance Wallet integration could increase token demand for governance participation or premium feature access. However, analysts caution that token performance depends on multiple macroeconomic and sector-specific factors beyond any single integration. Technical Implementation Challenges and Solutions Implementing perpetual futures trading within a wallet environment presented significant technical challenges, particularly regarding price oracle reliability, liquidation mechanisms, and cross-chain compatibility. Aster’s engineering team addressed these through several innovative solutions: Multi-source Price Oracles: Aggregation from five independent data providers Gradual Liquidation System: Partial position unwinding to minimize market impact Cross-chain Asset Support: Integration with multiple blockchain networks Real-time Risk Monitoring: Continuous position health assessment Dispute Resolution Mechanism: Transparent process for contested liquidations These technical solutions underwent extensive auditing by three independent security firms prior to deployment, with results published on the platform’s official documentation portal. The audits focused particularly on smart contract security, economic mechanism design, and system resilience under extreme market conditions. Conclusion Aster’s enhanced Binance Wallet integration represents a transformative development in decentralized derivatives trading, significantly expanding access while maintaining the core DeFi principle of self-custody. The integration’s comprehensive approach—encompassing multiple asset classes, innovative collateral options, and sophisticated incentive structures—positions Aster competitively in the rapidly evolving DeFi derivatives landscape. As the platform rolls out these enhancements throughout 2025, market observers will monitor adoption metrics, regulatory developments, and technological performance to assess the integration’s long-term impact on decentralized finance evolution. The successful implementation could accelerate the convergence between traditional and decentralized financial systems, potentially reshaping how global markets operate in the coming decade. FAQs Q1: What exactly does Aster’s enhanced Binance Wallet integration enable? The integration enables perpetual futures trading directly within Binance Wallet, allowing users to trade cryptocurrencies, U.S. stocks, ETFs, and commodities while maintaining self-custody of their assets through a unified interface. Q2: How does the USD1-based perpetual futures market work? Users can trade assets like BTC, ETH, and SOL using USD1 stablecoin as collateral, providing price stability compared to volatile cryptocurrency collateral while enabling leveraged positions through decentralized mechanisms. Q3: What are the main benefits of trading derivatives through this integration? Key benefits include maintaining asset self-custody (reducing counterparty risk), accessing multiple asset classes through one interface, reduced trading fees, WLFI incentives, and participation in promotional campaigns like the Alpha Points program. Q4: Are there any special promotions or incentives for early users? From April 14 to 28, 2025, users who achieve $1,000 in cumulative trading volume on Binance Wallet will receive extra Alpha Points, which may provide additional platform benefits or rewards. Q5: How does this integration compare to other DeFi derivatives platforms? Aster’s integration distinguishes itself through direct wallet integration (eliminating asset transfers), support for traditional assets alongside cryptocurrencies, USD1 collateral options, and the WLFI incentive system, though trading volume and liquidity will determine its competitive position over time. Q6: What security measures protect users’ funds in this system? The architecture maintains user self-custody throughout, employs multi-source price oracles, uses audited smart contracts, implements gradual liquidation mechanisms, and includes transparent dispute resolution processes, with all code undergoing independent security audits before deployment. This post Aster Revolutionizes Binance Wallet Integration to Unlock Seamless Derivatives Access first appeared on BitcoinWorld .
14 Apr 2026, 15:11
Rakuten Expands Ripple XRP Utility for 44M Users: Mass Adoption or Incremental Update?
Japan’s largest e-commerce platform is bringing Ripple XRP into its payments stack on April 15, 2026, listing it on Rakuten Wallet for spot trading and wiring it into Rakuten Pay, the app that 44 million users already use to buy coffee, groceries, and bullet train tickets. The headline number is large enough to matter. The analytical question is harder: does XRP utility inside a closed loyalty ecosystem constitute retail adoption, or is this a product feature update that happens to use crypto infrastructure most users will never see? Key Takeaways: Integration date: XRP goes live on Rakuten Wallet for spot trading April 15, 2026, with XLM, DOGE, SHIB, and TON listed alongside it. User scale: Rakuten Pay has 44 million users; Rakuten’s broader Japan ecosystem covers over 100 million member IDs. Mechanism: Users convert Rakuten Points directly into XRP, then fund Rakuten Cash – usable at over 5 million merchant locations – meaning XRP functions as a bridge asset, not a directly held consumer token in most transactions. Points pool: More than 3 trillion Rakuten Points, valued at approximately $23 billion USD, are eligible for conversion – creating a large but loyalty-locked source of potential XRP demand. Regulatory footing: Rakuten Wallet operates under FSA licensing and JVCEA membership, giving the rollout compliance cover in one of the world’s most structured crypto jurisdictions. What it does not do: This is not an open XRP wallet; it does not give users direct custody of XRP outside the Rakuten ecosystem, and merchants receive fiat – not XRP – at point of sale. Watch: Whether Rakuten Bank’s planned FinTech integration (flagged at its March 27, 2026 AGM) enables seamless fiat-to-XRP conversion across its 17 million banking accounts by Q3 2026. How the Rakuten-Ripple XRP Integration Actually Works – and What It Doesn’t Rakuten Points are not a crypto asset. They are a proprietary loyalty currency issued by Rakuten at a rate of roughly one point per yen spent across its ecosystem – shopping, travel, streaming, banking. The company issued approximately 620 billion points in 2022 alone. The total outstanding balance exceeds 3 trillion points, worth around $23 billion USD at current exchange rates. That is a significant pool of locked consumer value. Source: Rakuten What the April 15 integration does is open a conversion path: users can take those points, convert them into XRP through Rakuten Wallet, and then load the resulting balance into Rakuten Cash, the platform’s e-money layer, for spending at over 5 million merchant locations. The Rakuten Pay app handles the front end. Rakuten Wallet, an FSA-licensed and JVCEA-registered exchange, handles the crypto backend. Here is the part that matters for how you read the adoption headline: merchants receive fiat. When a user pays with XRP-funded Rakuten Cash, the conversion to yen happens in the background. The retailer has no Ripple XRP exposure. The user, in most cases, is interacting with a points-to-payment flow that happens to route through XRP infrastructure. That is not the same as 44 million people buying and holding XRP. Source: Tats on X Japan’s regulatory architecture makes this structure possible. The FSA has established a clear legal classification for XRP as a cryptocurrency, distinct from a security, a framework that Japan’s evolving crypto regulatory environment has been building toward through successive Payment Services Act amendments. Rakuten is not pioneering the regulatory path; it is walking one that SBI Holdings and others have already cleared. Liquidchain Targets Early-Mover Upside as XRP Tests Key Levels Liquidchain (LQC) is one project drawing attention in this context, a Layer-3 execution environment designed to aggregate liquidity across Ethereum and its rollup ecosystem, with a technical architecture specifically targeting the throughput bottlenecks that Glamsterdam addresses at the base layer. The presale has raised over $660K at a current token price of $0.0147, with staking rewards available to early participants. The project’s core differentiator is its unified liquidity routing across fragmented L2 environments, a structural problem that grows in relevance as Ethereum’s rollup ecosystem expands post-Glamsterdam. Presale investments carry real risk, and this is an early-stage L3 infrastructure project with meaningful execution uncertainty. DYOR applies unconditionally. Explore the Liquidchain presale here The post Rakuten Expands Ripple XRP Utility for 44M Users: Mass Adoption or Incremental Update? appeared first on Cryptonews .
14 Apr 2026, 15:06
Fake Ledger app on Apple App Store reportedly drained $9.5M from 50 victims
A fake Ledger Live application on the Apple App Store has been linked to a multi-blockchain theft on April 14. Between April 7 and April 13, attackers spoofed Ledger Live, an app for Ledger hardware wallet users to manage digital assets. This impersonation drained $9.5 million from over 50 victims, according to analysis shared by on-chain sleuth alias ZachXBT. The attack targeted multiple chains: Bitcoin ( BTC ), Ethereum Virtual Machine (EVM), Tron ( TRX ), Solana ( SOL ), and XRP Ledger (XRPL). An on-chain forensic map. Source: ZachXBT On-chain analysis showed the attacker laundered stolen funds through KuCoin cryptocurrency exchange and AudiA6, a centralized mixing platform. Meanwhile, Apple flagged the fake Ledger Live application as fraudulent and removed it on Monday. Fake Ledger Live app weaponized trust on App Store The fraudulent replica of Ledger Live passed Apple’s App Store review process and became discoverable by users seeking the legitimate platform. Since the fake version lacked visual features that set it apart from the real one, both novice and experienced crypto users were scammed. The fake Ledger Live app asked users for a seed phrase, disguised as wallet restoration. Notably, the real Ledger Live app never asks for a seed phrase. Meanwhile, users of the fake application unknowingly entered their seed phrase, thereby surrendering the master key to their entire crypto portfolio. As a result, the attacker seamlessly reconstructed the victims’ wallets on separate devices and systematically drained funds across multiple blockchain networks. The largest confirmed loss was about $3.22 million in Tether ( USDT ), drained on April 9. On April 11, the attacker took $2.08 million in Circle’s USD Coin ( USDC ). As a result, ZachXBT suggested Apple could face a class-action lawsuit for allowing the fake app to pass its review process. The post Fake Ledger app on Apple App Store reportedly drained $9.5M from 50 victims appeared first on Finbold .
