Cybercriminals are utilizing counterfeit Ledger Live applications to siphon off cryptocurrency from macOS users by using malware that pilfers seed phrases, as cautioned by a cybersecurity company. The malicious software substitutes the authentic Ledger Live app on victims' devices and then requests the user to input their seed phrase via a fake pop-up message, as detailed in a report by Moonlock on May 22. Initially, the attackers could only access passwords, notes, and wallet information to view the assets but were unable to withdraw funds. However, within a year, they have progressed to stealing seed phrases and depleting victims' wallets. The scammers employ the Atomic macOS Stealer to replace the genuine Ledger Live app with a clone, discovered on around 2,800 compromised websites. Moonlock has been monitoring malware distributing a malevolent clone of Ledger Live since August, with multiple active campaigns, indicating an escalation in hacker sophistication. To evade falling victim to similar scams, the cybersecurity firm advises caution when encountering pages requesting a 24-word recovery phrase and emphasizes never sharing a seed phrase or downloading Ledger Live from unofficial sources. Read more AI-generated news on: https://app.chaingpt.org/news