According to ChainCatcher, the cybersecurity company Moonlock warns that hackers are attacking by distributing a malicious cloned version disguised as Ledger Live. Ledger Live is the application that manages Ledger cold wallets.

Initially, attackers could only steal passwords, notes, and wallet information through the cloned app, and could not directly extract funds. However, within just a year, they have learned to steal mnemonic phrases and hijack victims' wallets.