CZ Warns Against Social Media Vulnerability Risks in Crypto

A recent phishing attack targeting Ledger’s Discord server highlights the significant vulnerability posed by social media platforms to crypto security. An attacker compromised a contractor’s account to impersonate a legitimate admin and spread false security warnings, urging users to divulge their 24-word recovery phrases on a phony verification website. The fake post even mimicked official messaging from Ledger, leading some to believe the claims were genuine.