Another attempt at fraud in the world of the crypto market, Ledger, a crypto hardware wallet-making company, gives an update to its users on social media, confirming the ongoing scam.
Jacob Canfield, crypto influencer and crypto trader, uploads a post on X (formerly Twitter ) showing the letter photocopy scammers are sending to users, calling it a new meta scam. He even tagged the company’s Ledger to make them aware of the ongoing scam to raise the alarm.
Scammers are impersonating Ledger representatives by sending fake letters to users’ residences. These letters, which look official and portray Ledger’s branding, ask recipients to complete a mandatory wallet validation by scanning a QR code and entering their 24-word recovery phrase.
Ledger has responded and confirmed on X to Canfield’s post and reminded all the users, saying 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.
As per the reports, users claim that they might be exploiting information that was leaked in a 2020 Ledger data breach. At the time, a hacking forum had the names, email addresses, phone numbers, and residential addresses of more than 273,000 clients.
Ledger has not confirmed whether the current scam directly relates to that vulnerability. Additionally, they have not yet disclosed how these current scammers got their hands on client addresses.
Ledger also reassured its users, conveying that users’ safety is its first concern, and the company has designed its technology with users’ safety and privacy in mind.
Ledger added, “We’ve reinforced our systems time and again to meet the highest standards of security in an increasingly connected world. ”
This is one of the ways of scams in the crypto market. There are various other types of scams also taking place between crypto users, like the pump and dump scheme. It’s advisable for a user to cross-verify the source before sharing any of the personal details or before making any transaction.
Also read: XRP Ledger Encounters Bug that Could’ve Put Network on Risk
