LEDGER

DESCRIPTION OF EVENTS

"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."

"There's fake Ledger Live apps in the Google Play and Chrome web stores, designed to trick users into entering their 24-word recovery phrase. NEVER share your 24 words. NEVER enter them into any app, PC, smartphone, etc. Ledger will NEVER ask for them."

Ledger reports a fake application created in the Google Play store, alledging to be Ledger Live. The Twitter discussion is also full of a significant number of phishing attempts agains Ledger users. It's not clear if anyone has lost funds on this fake application.

HOW COULD THIS HAVE BEEN PREVENTED?

Never enter the seed phrase anywhere except the Ledger device itself.

Check Our Framework For Safe Secure Exchange Platforms

@ledger_support Twitter (Mar 13)
Ledger Raises $380 Million to Expand DeFi Solutions - Crypto Briefing (Mar 19)
Physical addresses of 270K Ledger owners leaked on hacker forum (Jan 31)
Scammers Are Using Fake Devices to Steal Cryptocurrency Wallets | PCMag (Mar 6)
Fake Ledger Live app in GooglePlay Store. Please Flag/Report : ledgerwallet (Mar 19)
The Battleground Against Phishing Attempts | Ledger (Mar 19)
Nasty Ledger wallet scams. And how to avoid them. - Who Took My Crypto (Mar 20)
Highly suspicious Ledger Live but broken app in Google Playstore. Report / Flag it : ledgerwallet (Mar 20)

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