Saturday, February 4, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Cryptocurrencies

Scammers Are Using Fake Devices to Steal Cryptocurrency Wallets

MtR by MtR
June 20, 2021
in Cryptocurrencies
0


Scammers are reportedly attempting to steal cryptocurrency wallets from Ledger customers by shipping them fake hardware accompanied by a letter claiming the potential victim’s existing device isn’t secure.

Ledger offers two products, the Nano S and Nano X, that can store the digital keys used to secure crypto wallets. The devices can be used with a variety of cryptocurrencies, are compatible with numerous apps, and are supposed to offer a safe way to manage crypto without compromising too much on convenience. Ledger says on its website that it has sold 1.5 million products to customers in 165 countries to date.

The company also suffered a data breach in July 2020. It said in December 2020 that “approximately 1 million email addresses” and “9,532 more detailed personal information (postal addresses, name, surname and phone number) that we were able to specifically identify” were shared to a database marketplace known as RaidForums. That information has since been used in phishing campaigns like this one.

BleepingComputer reported that this particular campaign involved a modified Nano X, which shipped in the original packaging and shrink-wrapped to make it seem like an official delivery, that shipped with a letter purporting to be from Ledger CEO Pascal Gauthier. The letter claimed the intended victim’s information was affected by the RaidForums leak and that they needed to switch to the new device as a result.

This particular victim decided to take a closer look at the modified Nano X, however, and they discovered that it contained a flash drive that isn’t present on the actual hardware. That drive would most likely be used to install malware designed to compromise the Ledger recovery phrase—and therefore the private key used to secure the wallet—so the scammers could then steal the victim’s cryptocurrency.

Recommended by Our Editors

Ledger acknowledged these efforts on a section of its website dedicated to tracking phishing campaigns. “This is a scam. A Ledger Nano is not a USB device. It does not contain any application to download and install on your computer. The only way to download the Ledger Live app is by using the official download page,” it said. “Plus, Ledger and Ledger Live will never ask you to share your 24-word recovery phrase.”

The company also provides a guide to checking the integrity of Ledger Nano X-branded hardware. That guide includes pictures of the device’s PCB, its root of trust, and other information that can be used to make sure the device hasn’t been compromised. (It doesn’t appear to offer a similar guide for the Nano S.) It’s probably worth following that guide for every Nano X, even if it was legitimately ordered.

This newsletter may contain advertising, deals, or affiliate links. Subscribing to a newsletter indicates your consent to our Terms of Use and Privacy Policy. You may unsubscribe from the newsletters at any time.





Source link

Related articles

Crypto Credit Cards and Debit Cards: What You Need to Know – CoinDesk

August 8, 2022

Cryptocurrency companies spend $2.4B on sports sponsorships

August 8, 2022

Related Posts

Crypto Credit Cards and Debit Cards: What You Need to Know – CoinDesk

by MtR
August 8, 2022
0

Crypto Credit Cards and Debit Cards: What You Need to Know  CoinDesk Source link

Cryptocurrency companies spend $2.4B on sports sponsorships

by MtR
August 8, 2022
0

At F1’s inaugural GP in Miami this spring, the entire complex was decked out in signage from title sponsor Crypto.comGetty...

Binance CEO, Changpeng Zhao, warns of cryptocurrency risk, as investors lose $1.11 trillion

by MtR
August 8, 2022
0

The founder of Binance, the largest cryptocurrency exchange platform, Changpeng Zhao, has warned cryptocurrency traders of the danger of the...

The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000 – Bitcoin News

by MtR
August 8, 2022
0

This week the number of cryptocurrency automated teller machines (ATMs) operating worldwide has surpassed the 39,000 mark. Since January 2017...

‘As the Cryptocurrency Market is Showing Some Signs of Recovery, Here Are Some … – Latest Tweet by Litecoin

by MtR
August 8, 2022
0

'As the cryptocurrency market is showing some signs of recovery, here are some cryptocurrencies you must look into..' - @analyticsinme...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter