- Phishing targets wealthy Ledger users with fake devices.
- Blockchain security remains a significant challenge.
- Data leaks fueling targeted phishing scams.
The attack leverages data from a 2020 breach, endangering high-value cryptocurrencies and posing a financial risk to asset holders.
Ledger, a leader in cryptocurrency storage devices, warns users against phishing scams failing their security norms. The attacks exploit the earlier data breach, tailored to steal users’ 24-word recovery phrases via fake correspondence.
Scammers focus on high net worth crypto holders, sending counterfeit Ledger devices and letters posing urgent security updates.
Ledger warns of rising phishing scams and emphasizes caution against entering recovery phrases on any unauthorized platform.
The scams have severely impacted users holding significant crypto assets, particularly BTC and ETH. None of the major institutions are reportedly affected. Ledger’s enhanced community security measures aim to curb further threats.
“Always remember: Ledger will never call, DM, or ask for your 24-word recovery phrase. If someone does, it’s a scam. Stay cautious and keep your crypto safe.”
Crypto security threats are evolving, especially for wealthy users. Regulatory and technological steps are crucial in safeguarding user data and assets. Phishing scams intensify, targeting high net worth Ledger users’ data. Effective response strategies are critical for preventing extensive financial damage in future incidents.
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