Ledger warning its users about Youtube phishing scams

Ledger, the company managing cryptocurrency hardware wallets like the Nano S and the Nano X, has revealed that its users are dealing with phishing attacks that came from hacked YouTube accounts. The company advised users not to share their 24-word seed phrases.

Ledger tweeted that several videos have been posted under the channel names ‘Ledger’ (it is about 3 channels like this on Youtube) and ‘Ledger Nano,’ inviting users to register for a compromised web wallet that promises them free funds.

ledger-warning-its-users-about-youtube-phishing-scams
Image via Twitter

 

 

 

 

 

 

 

 

Ledger released an official statement that provides additional words of caution, reading that Ledger users are the most targeted by phishing attacks on social media, search engines and via email.

Hardware wallets are considered to be one of the most secure methods of storing funds and are recommended for anyone holding cryptocurrencies. Even though these wallets require physical keypresses on the device to complete transactions, it seems not to have stopped scammers from attempting to lure unsuspecting investors.

Phishing still one of the most popular scam techniques

Phishing is still one of the most popular ways scammers steal funds, many are still uninformed and continue to provide personal information to compromised websites. They are tempted that they will receive airdrops or free funds.

According to Kaspersky’s blog, anti-virus and cybersecurity firm reported that phishing attacks are prevalent, and described how users could prevent falling for increasingly believable phishing attempts.

Ledger has also asked users to install the MetaMask browser extension, which warns users when they are visiting a website that has been reported as a phishing trap.

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