Wednesday, February 5, 2025

Beware of Phishing Scam Targeting Ledger Users

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Originally published on: October 15, 2024

Cryptocurrency investors using Ledger wallets are being targeted by a new phishing scam that aims to steal their digital assets. The scam emails, which appear to come from Ledger but are actually sent from unknown addresses, prompt users to activate a fake security feature called “Ledger Clear Signing” by a specific deadline.

Phishing scams like this one rely on tricking users into sharing sensitive information willingly. To avoid falling victim to these scams, crypto users should never click on suspicious links or provide personal information to unknown sources.

Ledger, a popular hardware wallet provider, has not responded to requests for comment on the phishing emails. This type of scam is not uncommon in the crypto space, with phishing attacks on the rise and causing significant financial losses.

In one high-profile phishing attack earlier this year, a trader lost $71 million worth of crypto after being deceived into sending funds to an attacker’s address. These attacks are a growing concern, with millions of dollars being stolen from thousands of victims each month.

As phishing attacks become more sophisticated, it is crucial for crypto users to stay vigilant and protect their assets from scammers. Remember to always verify the source of any emails or messages before sharing any personal information, and report any suspicious activity to the appropriate authorities.

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