Beware of Ledger Phishing Scams

• In the world of crypto, this type of Phishing scams have become very common. Before this, a trader has so far lost around $71 million worth of crypto.
•  A researcher at Microsoft, Thomas Roccia has claimed this scam as a very clean Ledger scam. 
• In August this year, this kind of scam went up by 215% which stood at about $66 million worth of assets that got wiped off from the accounts of 9,145 users. 

Ledger users are being targeted through a scam operated over emails in order to wipe off the cryptocurrency holdings of the users. Users are getting an email which is suggesting to enable a security feature referred as Ledger Clear Signing to keep using their Ledger device by the end of this month. 

The email has no links with the Ledger as it is an evil intentioned link to carry out phishing activities. The email scam says that, “To carry on using the Ledger device with more security, you have to activate Clear Signing as it is compulsory from the beginning of the next month.”

It further added that the feature will help you in safeguarding the assets from phishing attacks along with fraud activities that are increasing by each passing day. 

This kind of scam tricks users and they share their account details with their own free will to the scammers. Crypto users should be very careful while clicking this type of links and should also avoid giving their personal details to whom they don’t know and are not trustworthy. 

The clean Ledger scam 

In the world of crypto, this type of Phishing scams have become very common. Before this, a trader has so far lost around $71 million worth of crypto in May which became a very popular phishing scam. Around 99% of the trader’s funds get transferred into the scammers account. 

The hardware wallet of the Ledger is very common among the users and generally scammers target this wallet only. At the same time, a researcher at Microsoft, Thomas Roccia has claimed this scam as a very clean Ledger scam. 

The researcher posted in which he mentioned that the phishing link takes the users to a URL which has no connections to the Ledger. In spite of the fact that this is very simple in nature, the attacks are gradually increasing in the crypto world. 

Some more Phishing attacks 

Scam Sniffer, an anti-scam solution provider and security firm has noted that due to phishing attacks $46 million were wiped off from the account of 10,800 users last month. On September 28, a big scam was unveiled that came into focus when 12,083 spWETH estimated at around $32.43 million were lost.

In August this year, this kind of scam went up by 215% which stood at about $66 million worth of assets that got wiped off from the accounts of 9,145 users. Out of this $66 million about $55 million were allocated to a single large-scale phishing scam. 

On August 20, a crypto holder made a sign to the transaction which resulted in transferring the 55.47 million Dai to the decentralized finance protocol maker.