Sneaky Scammers Striking Ledger Wallet Users with Deceptive Physical Letters
Unmasked Phishing Strategy: Deceptive Letters Swipe Wallet Recovery Phrases from Unsuspecting Victims
Here's a heads-up for all Ledger wallet users! Beware of a tricky phishing campaign that's been popping up, employing fraudulent physical mail. These scamsters are exploiting the trust Ledger has earned, brandishing their logo, official address, and even fake reference numbers to pull off a seemingly legit act.
The Phishing Fiasco - How it Unfolds
- The Con: Victims get letters that look the part, with Ledger's logo, business address, and deceptive reference numbers to seem genuine.
- The Threat: Letters claim a "critical security update" that demands immediate action, or risk having wallet access restricted.
- The Trap: Gullible victims are requested to scan a QR code (leading to a phony website) and provide their 24-word recovery phrase, giving scammers control over the wallet.
- The Root: Scammers are believed to take advantage of addresses leaked in a Ledger breach in 2020, which compromised over 270,000 users’ personal details.
Shielding Yourself from the Ledger Scam
- No Recovery Phrases Exchanged: Ledger will never request your 24-word seed phrase via mail, email, or QR code.
- Cross-Check Communications: Verify Ledger’s official support channels for security alerts. Use the "Verify" feature in Ledger Live to confirm device authenticity.
- Skipping QR Codes: Manually enter the URL for wallet management instead of scanning random QR codes.
- Activating Security Features: Enable passphrase encryption (25th word) and Two-Factor Authentication (2FA) for linked accounts.
Ledger has come forward, confirming these letters as a scam. Remember, no legitimate security update ever demands sharing recovery phrases.
Stay vigilant and keep your crypto safe, folks! Always double-check before providing any sensitive information or taking urgent action. For additional threats, keep a keen eye on Ledger's official blog and social media updates.
- Scammers are exploiting the trust Ledger has earned by sending phishing letters that include a QR code leading to a fraudulent website, deceiving recipients into sharing their wallet's 24-word recovery phrase.
- Ledger's spokesperson has emphasized that the company will never request the 24-word seed phrase via mail, email, or QR code, urging users to be cautious.
- To avoid falling victim to such scams, it's important to verify Ledger's official support channels for security alerts, manually enter URLs instead of scanning random QR codes, and enable passphrase encryption and Two-Factor Authentication.
- The scammers are believed to take advantage of addresses leaked in a Ledger breach in 2020, which compromised over 270,000 users’ personal details.
- DeFi users should be aware of these scams and highlights the importance of cybersecurity in technology, especially when dealing with cryptocurrency transactions.
