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CZ on Ledger Discord Scam: Social Media Is Crypto Firms’ Weakest Link


by Abdulkarim Abdulwahab
for CoinEdition
Ledger Discord phishing scam alert; Binance founder CZ warning on crypto social media security, recovery phrase safety
  • CZ alerts users after a phishing scam targeted Ledger’s Discord community.
  • Ledger confirms a contractor moderator’s account was compromised, not the platform itself.
  • CZ reminds users never to share recovery phrases, no matter who’s asking.

Binance founder Changpeng Zhao (CZ) has warned crypto users after a phishing scam targeted Ledger’s Discord community. The phishing attack involved a compromised contractor’s account and, importantly, did not result from a breach of Ledger’s systems. 

Ledger has since confirmed the message was fake and part of a sophisticated social engineering attack, a common crypto phishing attack vector.

Fake Vulnerability Alert Used in Ledger Discord Phishing Attempt

The phishing attempt involved a fraudulent message posted on Ledger’s Discord server. It falsely claimed there had been a critical vulnerability in Ledger’s security systems that may have exposed user data. This includes 24-word recovery phrases, shipping details, and transaction history. 

Related: Binance’s CZ Criticizes Safe’s Bybit Hack Report as ZenGo Expands TRX Wallet Features

The fake message directed users to a phishing website disguised…

The post CZ on Ledger Discord Scam: Social Media Is Crypto Firms’ Weakest Link appeared first on Coin Edition.

Read the article at CoinEdition

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CZ on Ledger Discord Scam: Social Media Is Crypto Firms’ Weakest Link


by Abdulkarim Abdulwahab
for CoinEdition
Ledger Discord phishing scam alert; Binance founder CZ warning on crypto social media security, recovery phrase safety
  • CZ alerts users after a phishing scam targeted Ledger’s Discord community.
  • Ledger confirms a contractor moderator’s account was compromised, not the platform itself.
  • CZ reminds users never to share recovery phrases, no matter who’s asking.

Binance founder Changpeng Zhao (CZ) has warned crypto users after a phishing scam targeted Ledger’s Discord community. The phishing attack involved a compromised contractor’s account and, importantly, did not result from a breach of Ledger’s systems. 

Ledger has since confirmed the message was fake and part of a sophisticated social engineering attack, a common crypto phishing attack vector.

Fake Vulnerability Alert Used in Ledger Discord Phishing Attempt

The phishing attempt involved a fraudulent message posted on Ledger’s Discord server. It falsely claimed there had been a critical vulnerability in Ledger’s security systems that may have exposed user data. This includes 24-word recovery phrases, shipping details, and transaction history. 

Related: Binance’s CZ Criticizes Safe’s Bybit Hack Report as ZenGo Expands TRX Wallet Features

The fake message directed users to a phishing website disguised…

The post CZ on Ledger Discord Scam: Social Media Is Crypto Firms’ Weakest Link appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Sony’s Soneium network debuts a comprehensive activity tracking system. The platform ...
Blockchain Nation-Building Test in Malaysia: Bloomberg Report

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Former Coinbase executive Balaji Srinivasan transforms troubled Forest City developme...