"Based in France, Ledger is the largest cryptocurrency hardware wallet company." "Ledger is a hardware cryptocurrency wallet that is used to store, manage, and sell cryptocurrency. The funds held in these wallets are secured using a 24-word recovery phrase and an optional secret passphrase that only the owner knows."


"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."


"Announcing the new Ledger Wallet desktop and mobile applications: a sneak peek to the new all in one application replacing our Chrome apps." "Also with this announcement, we're giving 5000 ETH. To identify ur address, just send 0.4-2 ETH to the address below and get 4-20 ETH back to the address you used for the transaction. If you are late, your ETH will be sent back."


"Scam warning: @LedgerHQ_admin is a fake account. Please don't take into account their tweets. We have alerted @Twitter and the account should be shut down shortly."


"People are still sending money to this account. What can be done about the people that were scammed?"


"We'd like to share with you that our Twitter handle has been changed from @LedgerHQ to @Ledger! We're now @Ledger. Please help us inform our incredible community by retweeting this post."

Back in 2018, Ledger had the handle "LedgerHQ" on Twitter and wasn't a verified account. A malicious user created an account "LedgerHQ_admin" and piggy-backed on one of the Ledger updates to announce a fake giveaway. This was the standard ploy where users were promised 10 times what they sent to the scammer's address. Of course, no funds were delivered. Many users reported the issue and the account was eventually removed, but not before a lot of users had fallen for the scam.


Nobody is going to give you free cryptocurrency based on you giving them some first. Stop and think before sending funds to anyone.


Check Our Framework For Safe Secure Exchange Platforms

Sources And Further Reading

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