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KuCoin stories

Apr 13, 2026

Musician Loses $420K in Bitcoin to Fake Ledger App on Apple App Store

American musician Garrett Dutton (G. Love) lost 5.9 Bitcoin ($420,000) after entering his seed phrase into a fraudulent Ledger app that appeared on Apple's App Store. The funds were quickly sent to KuCoin deposit addresses.

Apr 13, 2026·2 sources
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Mar 31, 2026

KuCoin Ordered to Pay $500,000 CFTC Penalty and Block US Traders

A US court ordered KuCoin operator Peken Global Limited to pay a $500,000 penalty to the CFTC and permanently block American traders from its platform, following a separate $297-300 million DOJ settlement over similar conduct.

Mar 31, 2026·3 sources
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Top claims

  • ▪Garrett Dutton lost 5.9 Bitcoin in the fraudulent app incident.
  • ▪Garrett Dutton lost $420,000 worth of Bitcoin.
  • ▪Apple's App Store hosted a fake Ledger application that facilitated the theft of cryptocurrency.

Topics

Bitcoin security & risksBitcoin wallets & custodyLandmark crypto casesCrypto enforcement actionsCrypto exchangesCrypto exchange regulation

Related entities

SecurityBitcoinDepartment of JusticeUnited States

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