Scammers Sending Physical Mail Letters to Ledger Wallet Owners
Scammers Targeting Ledger Crypto Wallet Users with Phishing Attempts
In a recent development, cybercriminals are preying on Ledger cryptocurrency wallet users by sending out fake paper letters claiming to be from the company. These letters request users to reveal their seed phrase for "security purposes", but avoid falling for it - Ledger assures us it's a scam.
Identifying and Avoiding the Scam
- Verifying Suspicious Communications: If you receive a letter bearing Ledger's logo and details, understand that it's most likely a phishing attempt. Ledger will never call, message you personally, or ask for your seed phrase, even under the guise of a "mandatory wallet check".
- Staying Away from Phishing Links: Don't let curiosity get the best of you. Don't scan QR codes or visit websites linked from these suspicious letters as they may lead you to phishing pages designed to steal your seed phrase.
Protecting Your Assets
- Securely Storing Your Seed Phrase: Keep your seed phrase in a safe, offline location. This simple step ensures that unauthorized parties can't easily access your assets.
- Educating Others: Spread the word to your friends and family that use Ledger wallets. Informing them about these scams can help keep them safe.
Be Wary of Past Data Breaches
Tech analyst Jacob Canfield suspects that the home addresses of wallet owners were stolen due to a past data breach in 2020. More than 270,000 customers' information, including delivery addresses, phone numbers, and email addresses, were compromised. Out of these, 4,865 Russian users had their personal info exposed. However, Ledger has not yet confirmed this as the source of information for the scammers.
Back in December 2023, the Ledger Connect Kit, a popular code library used for authorization by many leading crypto services, was hacked. The hacker successfully withdrew funds from users' wallets, causing losses estimated to be around $600,000. Ledger has committed to compensating the losses sustained during this incident.
In an unexpected turn of events, Ledger co-founder David Balut was kidnapped from his home in France in January of this year. He was rescued after being held by kidnappers demanding a ransom in cryptocurrency.
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- Tech analyst Jacob Canfield has expressed concerns that the scammers targeting Ledger wallet users may have obtained home addresses of these users due to a past data breach in 2020.
- In that breach, Ledger reportedly compromised more than 270,000 customers' information, including delivery addresses, phone numbers, and email addresses, of which 4,865 were Russian users.
- The events highlight the importance of keeping personal information, especially related to digital assets, secure in light of increasing cybersecurity risks in the technology-driven general-news and crime-and-justice sector.
- A noteworthy instance in this regard involves the Ledger Connect Kit hack in December 2023, which resulted in the theft of around $600,000 from users' wallets and led to Ledger committing to compensating the losses sustained during that incident.
- Additionally, Ledger co-founder David Balut was recently kidnapped from his home in France, adding another layer to concerns surrounding the safety of crypto-asset owners.
