A new fraud scheme has emerged in the cryptocurrency community related to Ledger wallets. According to experienced crypto trader Jacob Kenfield, scammers are sending physical letters to owners of Ledger hardware wallets, claiming that an update is necessary due to alleged security issues. In reality, this is a fraudulent act, warns the analyst.
This is reported by Business • Media
“Scammers often impersonate Ledger or its representatives. Despite our efforts to block such accounts, we cannot control what scammers say in their letters, phone calls, or social media profiles,” stated Ledger.
How to Identify Scammers and Avoid Fraudulent Schemes
Ledger has officially confirmed that this type of fraud is a genuine threat. They emphasized that they never call users, send private messages, or ask for the seed phrase — crucial information for wallet recovery. The company urged users not to interact with any accounts that impersonate Ledger employees or offer assistance in recovering funds.
This is not the first instance of fraud involving Ledger. In December 2024, scammers launched phishing campaigns, sending letters with information about an alleged data breach at the company and suggesting users check their passwords under the pretext of security issues. Therefore, it is extremely important to remain vigilant and follow security recommendations.
Recommendations for Cryptocurrency Users
- Always verify official Ledger communication channels.
- Do not open suspicious letters or links.
- Do not disclose your seed phrase or private keys.
- Report any suspicious messages or contacts.
Overall, cryptocurrency and its owners remain targets for scammers. Remember, security is in your hands.