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Thousands of Bitcoin Fished in a Ledger Phishing Scam!

Buying and holding Bitcoin (BTC) or other cryptocurrencies might be easy, but it does need a great level of vigilance to ensure that it won’t be lost to cyber-scams.

Hackers have become a big threat to the growth and development of the crypto industry. Now, a Bitcoin investor lost about $50,000 to hackers in a Ledger wallet attack.

Ledger Phishing Scam

Ledger is among the biggest hardware wallet providers to store cryptocurrencies offline. Around a month ago, the company’s marketing/sales database has been breached by hackers, exposing the customers’ contact information to malicious actors.

This allowed the attackers to send false and malicious messages to the wallets users’ who had given Ledger their contact details right before the database was breached.

Part of the phishing message sent to the Ledger user reads: “Our forensics team has found several of the Ledger Live administrative servers to be infected with malware.”

While the message seemed professional, the content was false. A few customers have been able to spot the attack and have raised the alarm. But the attackers have changed the message’s content, telling the customers that their wallet has been disabled due to know-your-customer (KYC) regulation.

$50,000 in Bitcoin Disappeared!

As it was tweeted by Brad Mills last Tuesday, the recent message has tricked the Bitcoin investor into sending his life savings to the Ledger phishing scammers. Mills stated that Bitcoin investors must be vigilant to overcome social engineering hacks, not just on the bank. One other has proven that all crypto investors must know not to input their wallet key phrases in different links or websites to avoid their funds in crypto.

The key phrases are directly entered on the wallets, in this case, the Ledger device.

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