Scammers Target Ledger Users with Fraudulent Seed Phrase Letters
- Scammers target Ledger hardware wallet users through deceptive physical mail.
- Users are warned not to share their seed phrases.
- Potential risk to all cryptocurrencies held on affected wallets.
Ledger users worldwide are being targeted by a new scam involving fraudulent physical mail asking for seed phrases.
This scam impacts individual crypto holders significantly, with potential asset losses if users disclose their recovery phrase.
Ledger Data Breach Triggers Fraudulent Mail Attack
The scam exploits data from the 2020 Ledger breach, targeting users with physical mail to steal their private keys. Ledger confirmed the scam, issuing warnings against sharing seed phrases, as scammers pose significant risks to users.
Ledger will never ask for your 24-word recovery phrase. Do not share it under any circumstance. – Ledger Official Security Advisory
Scammers Pose Risk to Diverse Crypto Holdings
The immediate risk involves scammers accessing all assets on a compromised wallet, including Bitcoin and Ethereum. Without centralized exchange involvement, this scam highlights the vulnerability of individual users to phishing attacks.
Rise in Phishing Attacks Since 2020 Breach
Following the 2020 data breach, Ledger users faced phishing emails, and now physical mail elevates the threat level. This occurrence emphasizes ongoing risks to crypto holders if private keys are compromised, resonating with previous attack patterns.
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