Fraudsters are Mailing Modified Ledger Devices to Steal Cryptocurrency

Fraudsters are Mailing Modified Ledger Devices to Steal Cryptocurrency

Scammers are mailing fraudulent replacement devices to Ledger customers who were recently exposed in a data breach, which are being used to steal cryptocurrency wallets. 

With increased cryptocurrency values and the use of hardware wallets to secure crypto funds, Ledger has become a frequent target for scammers. After receiving what appears to be a Ledger Nano X device in the mail, a Ledger user published a devious fraud on Reddit. The gadget arrived in authentic-looking packaging with a sloppy letter claiming that it was sent to replace their existing device as their customer information had been leaked online on the RaidForum hacker community. 

"For this reason for security purposes, we have sent you a new device you must switch to a new device to stay safe. There is a manual inside your new box you can read that to learn how to set up your new device," state the fake letter from Ledger. 

"For this reason, we have changed our device structure. We now guarantee that this kinda breach will never happen again." 

Despite the fact that the letter contained numerous grammatical and spelling issues, the information for 272,853 persons who purchased a Ledger device was published on the RaidForums hacking site in December 2020. This provided a slightly convincing reason for the new device's arrival. 

A shrinkwrapped Ledger Nano X box was also included in the package, containing what appeared to be a genuine device. After becoming skeptical of the device, they opened it and posted photos of the printed circuit board on Reddit, which clearly indicated the modification of devices. 

Mike Grover, a security researcher, and offensive USB cable/implan ..

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