Ripple News

Another Phishing Scam Against Ledger Wallet Led 1150k Ripple Hack.

Phishing attempts and scams against Ledger wallet owners are on the rise with one such scam summing over to 1,150,000 Ripple [XRP] from its victims.

The scam used a phishing email that directed users to a fake version of the Ledger website that substituted a homoglyph within the URL – within which the case a letter that seemed like the letter ‘e’ but wasn’t. On the fake site, victims were fooled into downloading malware posing as a security update that eventually drained the balance from their Ledger wallet.

Another Phishing Scam Against Ledger Wallet Led 1150k Ripple Hack.

In line with the community-run fraud awareness site xplorer, the Ripple [XRP] collected from the scam was transferred to Bittrex across five deposits, but the exchange was “unable to seize [the XRP] in time.”

In a similar ongoing scam, a phishing email that appears to be transferred from the official account for “Team Ripple” appeals to Ledger users by offering an XRP giveaway to “whitelisted addresses” as a part of a “Community Support Program.” The registration process involves delivering your Ledger seed phrase or cryptocurrency private key so as to qualify for the non-existent program.

Within an official email to customers sent on 29th Jul. of this year, Ledger acknowledged that it had been the victim of a known breach during which on the brink over 1,000,000 email addresses were compromised, alongside the private details of a subset of 9,500 users. Although the vulnerability resulting in the leak on the Ledger website was quickly patched, the damage had already been done, and scammers appear to be arising with creative ways to use the addresses to trick Ledger users into abandoning their coins.

The idea of cryptocurrency credential phishing via homoglyph-containing URLs isn’t new and scams employing this tactic are targeting XRP holders across the course of the whole year, even prior to the e-mail leak.

Leave a Comment

Your email address will not be published.