Music superstar loses retirement fund to fake app
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American singer Garrett Dutton, or "G. Love," who is best known as the frontman for the band G. Love & Special Sauce, disclosed on X on Apr. 11 that he lost his retirement fund in Bitcoin (BTC) after downloading a malicious app resembling the Ledger wallet app from Apple's App Store on his new computer system.
The Philadelphia-based musician admitted to losing 5.9 Bitcoin, which he had been holding for the last 10 years, and asked the crypto community to be vigilant.
Here's the TX hash from my hack
— G. Love (@glove) April 11, 2026
I lost 5.9 BTC all I had for ten years I worked on this fuuuuuck be careful out there
8753c7d24a28f677089aefb09628eb9b191e843ae965f55ca8ae87540561feaf
Ledger is a French company that manufactures physical crypto wallets for retail and institutional clients.
G. Love shared that the fake Ledger app he downloaded tricked him into submitting his seed phrase and this is how he lost his Bitcoin.
However, he admitted that nothing except his Bitcoin holdings got hacked.
The music star said he has been in the crypto space since 2017 and slammed those who called him a liar after he asked fans to help him by sending funds to his Bitcoin address.
The popular onchain sleuth ZachXBT traced the Bitcoin stolen from G. Love and revealed that the digital funds got laundered via several KuCoin deposit addresses.
Hi I traced out your 5.92 BTC stolen and it was all laundered via @kucoincom deposit addresses in the following transactions:
— ZachXBT (@zachxbt) April 12, 2026
6f5c8eb6b01774626f33527e0cb03c0d1860447acacd6079e69bf41b459bcf1f
9ee1288f941b2c3775ebd125eefeebdc713aa160bf2cf9d18661fd07f84ce891…
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Crypto scams catch U.S. government's attention
The incident highlights the ever-present threat of crypto scams via different means.
The FBI's latest Internet Crime Report found that crypto losses reached $11.36 billion in 2025, a 22% jump year-over-year, with investment scams alone accounting for $7.2 billion.
Last week, the U.S. Department of the Treasury launched a new initiative to send cybersecurity alerts to U.S. crypto companies so that user funds and data remain secure as digital assets become increasingly tied to the broader financial system.
