Crypto Wallet Company Ledger Issues Warning as Customers Receive Physical Scam Letters

The renowned crypto hardware wallet company, Ledger, is cautioning its clients to stay alert as scammers have initiated a new phishing scheme aimed at its users. Reports have surfaced that fraudsters are sending physical letters to users, claiming that wallet validation is required for security purposes.

The scam mail instructs recipients to click on a link to input their recovery phrase, assuring them that the process is secure. A letter shared by crypto trader Jacob Canfield states, “We are contacting you regarding a critical security update that requires your immediate attention. As part of our ongoing commitment to maintaining the highest security standards, all users are required to validate their wallets using their recovery phrase to ensure continued and secure access to their Ledger devices.”

Ledger has confirmed that the letter is a scam and has previously warned about impersonators contacting wallet owners via phone. The company emphasized that they will never ask customers for their 24-word recovery phrase, and any entity requesting this information is a scam. Ledger also advised customers not to engage with accounts claiming to be Ledger employees or offering assistance in fund recovery. For support and technical assistance, customers are encouraged to reach out directly to the support team.

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Remember to remain vigilant against potential scams and protect your assets by verifying the authenticity of any communication from Ledger. Stay informed and safeguard your cryptocurrency investments from fraudulent activities.