Legendary US music star reveals he’s lost £300k retirement fund in a scam as he warns fans
A US musician has revealed he’s been scammed out of his entire £300,000 retirement fund in a shocking blow.
Singer G Love revealed that he had accidentally installed some malicious software onto his computer which resulted in scammers taking all of his cash.
The performer took to X – formerly Twitter – to speak out on the incident that saw his entire retirement fund stolen.
He wrote: “I had a really tough day today I lost my retirement fund in a hack/Scam when I switched my @Ledger over to my new computer and by accident downloaded a malicious ledger app from the @Apple store.
“All my BTC gone in an instant.”
The singer appeared to be referring to his bitcoin investments in the tweet.
One of his fans replied to confirm they had reported his issue to the Ledger app.
Ledger is an app known to be used for storing cryptocurrency.
He further went on to add: “I lost 5.9 BTC all I had for ten years I worked on this f*** be careful out there.”
5.9 BTC can be converted to work out at approximately £300,000.
G Love is best known for being the frontman for the band G. Love & Special Sauce.
The 53-year-old has been in the music industry since the early 90s.
He has released various albums as part of the band as well as being a soloist.
He continues to regularly perform gigs and appear at festivals and events across America.
The most common scams
Source: Citizens Advice
Online shopping scams 26%
Investment scams 18%
Other financial scams 18%
A friend or family member needs help scams 16%
Mobile network scams 14%