Ledger Customers Are Being Mailed Fake Wallets to Steal Their Private Seeds

Ledger customers are receiving fake wallets by mail to steal their cryptocurrency. A user in Reddit reported receiving a suspicious package that claimed to be mailed by Ledger. The package included a letter stating the user needed to substitute the current wallet for safety reasons. Ledger has been the source of several leaks of information of customer data. Criminals are presumably using this information to organize these schemes.

Scammers Are Mailing Fake Wallets to Ledger Customers

Scammers are reportedly mailing fake hardware wallets to Ledger customers to steal their private seeds. According to the statements of a Reddit user, he received a package sent by Ledger with a legit-looking Ledger Nano X. The package also contained a letter that stated their current wallet was compromised. This letter stressed the user needed to replace their current wallet with the new one. It declared:

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.

The package reportedly included instructions to set up the new cryptocurrency wallet with the private key. However, upon further inspection, the hardware wallet mailed was a modified version of the original Nano X. Also, this modified wallet contained a series of different connections inside of the device.

Mike Grover, a security consultant, talked to Bleepingcomputer about the fake wallet. Grover declared:

This seems to be a simply flash drive strapped on to the Ledger with the purpose to be for some sort of malware delivery.

The Ledger web page has updated its phishing campaign page to alert users of this new modus operandi.

Customers Facing Huge Data Leaks

The company suffered two important data leaks last year. The first one happened on July 14, when an unidentified third party accessed one million emails and 9,500 addresses from its users. Furthermore, last December 20, the information was leaked to the internet for free. As a result of this, its customers are facing a series of phishing and scam attacks by mail.

The blog of James A. Chambers gives proof of these attacks. The article titled “Life as a Ledger Wallet Data Breach Victim” tells all the problems these leaks have created for him remotely. The company is even facing a class-action lawsuit from part of the users filed last April 6. However, this is one of the first attacks targeting users physically by sending modified products.