Ledger wallet owners are being targeted by a new scam that arrives not by email or text, but through the mailbox.
Fake letters are being sent to people’s homes, pretending to be official messages from Ledger, and asking users to enter their private recovery phrases.
On April 29, Jacob Canfield, the founder of TradingMastery.io, posted a photo of one of these letters in a post on X. It looked official, using Ledger’s logo, company address, and a reference number.
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The letter claimed that the user needed to complete a “critical security update”. It directed him to scan a QR code and enter his 24-word recovery phrase—the only way to access a crypto wallet. It also warned that failing to follow the instructions could limit access to his wallet and funds.
That recovery phrase, if shared, gives full control over the wallet. Scammers who obtain it can quickly transfer the crypto, which leaves the owner with no way to recover it.
Ledger responded to Canfield’s post in a comment, “Ledger will never call, DM, or ask for your 24-word recovery phrase. If someone does, it’s a scam”. They also urged people not to interact with anyone claiming to be a Ledger employee or offering to help recover funds.
On April 18, Kaspersky, a cybersecurity firm, reported that a group of attackers had spread harmful software called ClipBanker. What is it? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
