Ledger Unmasks A New Scam Trick Targeting Crypto And NFT Investors

Ledger,
a
crypto
hardware
wallet
company
that
makes
physical
cryptocurrency
wallets
that
look
similar
to
USB
drives
or
other
storage
devices,
has
found
a
new
crypto
scam
trickery
targeting
the
crypto
and
non-fungible
token
investors.
In
this
article,
we
shall
discuss
the
new
scam
trick
in-depth
and
how
crypto
users
can
effectively
hedge
from
it.

Ledger
Unmasks
A
New
Crypto
And
NFT
Scam
Trick

In
a
June
21
blog
post,
Ledger
revealed
and
shared
a
new
scam
trick
targeting
crypto
and
non-fungible
token
investors.
This
latest
scam
trick
in
the
crypto
industry
is
a
duped
address-poisoning
scam
that
has
already
left
crypto
and
non-fungible
token
investors
losing
hundreds
of
thousands
of
dollars
worth
of
digital
items.

If
you’ve
ever
seen
a
mysterious
coin
or
NFT
appear
in
your
wallet
–
one
that
you
didn’t
send
or
ask
anyone
to
send
to
you
–
then
you
may
have
been
the
target
of
an
address-poisoning
scam.

Want
to
know
how
address
poisoning
scams
work
and
how
you
can
avoid
them?
Scroll
down
to…

pic.twitter.com/PDa2Fgov1x

—
Ledger
(@Ledger)

June
21,
2024

Founded
in
2014,
Ledger
is
a
French
startup
providing
uncompromising
self-custody
solutions
for
the
value
revolution.
All
Ledger
crypto
wallets
are
powered
by
an
industry-leading
Secure
Element
chip,
together
with
Ledger’s
proprietary
OS
that
protects
users
crypto
and
NFTs
from
sophisticated
hacks.
Ledger
is
mainly
known
for
its
secure
crypto
hardware
wallets.

In
its
recent
revelation,
Ledger
has
unmasked
a
new
scam
trick
in
the
crypto
industry,
threatening
crypto
and
non-fungible
token
investors.
The
address
poisoning
is
a
scam
where
the
attacker
“poisons”
the
user’s
account
by
sending
them
a
small
amount
of
crypto
or
an
NFT
disguised
as
a
voucher.

In
this
form
of
scam,
the
scammer
hopes
a
crypto
user
may
mistakenly
copy
their
address
from
their
transaction
history
and
send
funds
to
their
account
instead
of
a
legitimate
one.
This
deceitful
transaction
will
then
appear
in
the
crypto
user’s
Ledger
Live
transaction
history.

According
to
Ledger,
these
dummy
transactions
are
meant
to
deceive
users
who
have
previously
sent
funds
to
their
addresses.
But,
unless
users
initiate
a
transaction
to
one
of
these
addresses
and
sign
the
transaction
with
your
Ledger,
no
value
will
be
transferred
from
their
account.

How
Can
Users
Avoid
The
New
Address-Poison
Scam?

In
case
crypto
users
see
a
suspicious
transaction
on
their
account,
Ledger
advises
ignoring
the
transaction
and
the
attached
addresses.
Moreover,
the
company
has
urged
crypto
and
NFT
traders
to
avoid
interacting
with
the
suspicious
tokens
and
NFTs
sent
to
them.

Instead,
crypto
users
should
right-click
on
the
suspicious
NFT
or
crypto
token
and
select
‘Hide
Token
and
NFT
Collection.
This
exemplary
action
will
hide
the
suspicious
asset
from
view
so
that
they
won’t
accidentally
click
on
it
or
interact
with
it
while
making
legitimate
transactions.

Related
NFT
News: