Ledger Users Face New Scam Threat: Fraudulent Seed Phrase Letters

A new scam targeting Ledger hardware wallet users is raising concerns among crypto enthusiasts. Scammers are using deceptive physical mail to solicit sensitive information, including the recovery phrase necessary to access cryptocurrency wallets. This attack exploits a data breach from 2020 and puts individual cryptocurrency holders at risk of significant losses. Ledger has confirmed the attack, urging users not to share their recovery phrases under any circumstances. The company’s official security advisory emphasizes that they will never request your 24-word recovery phrase, as it is crucial for the safety of user assets.