Security warning after scammer loses nearly $4.9 million in Bitcoin
CoinDesk reported yesterday that a person involved in a scam targeting job seekers lost nearly $4.9 million in Bitcoin in an incident linked to an unauthorized spyware chip inside a Ledger device.
The case comes amid investigations into devices sold by a distributor in Southeast Asia, amid concerns that some devices may have been modified to allow sensitive information to be leaked.
What should wallet users do?
Buy wallet devices from the manufacturer or a trusted distributor.
Never share your recovery phrase with anyone.
Never enter your recovery phrase on an untrusted website or app.
If you genuinely suspect that your device has been compromised, transfer your funds to a new, secure wallet using a trusted device, after verifying that the transfer steps are safe.
This incident does not mean that all Ledger devices are compromised; it concerns cases involving devices that are under investigation.
CoinDesk reported yesterday that a person involved in a scam targeting job seekers lost nearly $4.9 million in Bitcoin in an incident linked to an unauthorized spyware chip inside a Ledger device.
The case comes amid investigations into devices sold by a distributor in Southeast Asia, amid concerns that some devices may have been modified to allow sensitive information to be leaked.
What should wallet users do?
Buy wallet devices from the manufacturer or a trusted distributor.
Never share your recovery phrase with anyone.
Never enter your recovery phrase on an untrusted website or app.
If you genuinely suspect that your device has been compromised, transfer your funds to a new, secure wallet using a trusted device, after verifying that the transfer steps are safe.
This incident does not mean that all Ledger devices are compromised; it concerns cases involving devices that are under investigation.