Musician Loses $420K to Counterfeit Ledger App on Mac App Store
- Counterfeit App Theft: Musician G. Love lost 5.92 BTC (approximately $420K) after downloading a counterfeit Ledger Live application that impersonated legitimate software on the Mac App Store, exploiting user trust for fraud.
- Interface Deception Tactics: The malicious software closely mimicked the authentic Ledger Live interface, convincing the user to enter a 24-word recovery phrase, thereby granting attackers complete access and enabling rapid fund transfers.
- Blockchain Tracking Reveals Laundering Pattern: Blockchain analysis traced the stolen Bitcoin through nine distinct transfers, linking them to deposit wallets associated with KuCoin exchange, indicating systematic laundering efforts that complicate recovery.
- Platform Vetting Failures: This incident highlights ongoing security review inadequacies in major software distribution platforms, as similar cases in 2023 resulted in losses nearing $600K, underscoring the urgent need for improved user education and monitoring protocols.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 59724.811 | 63728.41 | 68030.801 | 72034.4 | 76336.791 | 80340.39 | 84642.781 |
| Fibonacci | 63728.41 | 66901.299 | 68861.512 | 72034.4 | 75207.289 | 77167.502 | 80340.39 |
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