Xcode Guard Malloc and on Device Debugging: 'libgmalloc.dylib' image not found

I enabled memory checking in Xcode (Edit Scheme -> Options). I'm now getting the following when I perform on device debugging: dyld: could not load inserted library '/usr/lib/libgmalloc.dylib' because image not found. The measure was taken proactively in hopes of catching mistakes early in the cycle.

Is memory checking not valid on a device? It appears its valid since it was acknowledged and investigated according to http://lists.apple.com/archives/xcode-users/2012/Mar/msg00271.html. Also, Xcode had no complaints during compile and link. If its not valid for a device, why is Xcode inserting the library? Are there any solutions? Googling returned a few hits, but I did not see any concrete solutions.

How does one enable Xcode Guard Malloc when debugging on a device?

You can't use GuardMalloc on the device.

To work around, I created two new Xcode schemes. One is named 'XXX Device' and does not include the malloc guards; the second is 'XXX Simulator' and does include the malloc guards.

Adding a scheme for device/simulator purposes is questionable (http://www.cocoabuilder.com/archive/xcode/303307-why-does-xcode-create-nonsensical-destinations-in-every-scheme.html). Apparently, Dave Duncan has not encountered an issue where Xcode does not do something correctly (or he does not use tools such as malloc guards).

This reeks of Cupertino software junk. +1 to Apple and its crappy QA department (if it exists) which let another bug fly free.

As others answered, you can not use Enable Guard Malloc on device, but you can use it on simulator.

All 3 other memory management options, as of Xcode 7.3.1, can be used on device: Enable Malloc Scribble, Enable Malloc Guard Edges and Enable Zombie Objects.

Rebooting device fixed it. iOS hasn't updated. Really bad !