Scott Melker Warns of Phishing Scam Targeting Ledger Users
A follower of Scott Melker, known as “The Wolf of All Streets,” fell victim to a scam targeting Ledger users. The victim experienced a 503 HTTP API error when attempting to synchronize his Nano S hardware wallet, which prompted him to contact Ledger support. Surprisingly, the CTO contacted the victim directly, walking him through a five-step “fix” that involved visiting a fake website and entering personal details. Within minutes, the victim realized his account was drained.
Fake Ledger Support
The phishing scam relied on social engineering to trick the victim into giving away his passphrase and details about his device. Scott Melker emphasized that even security-conscious individuals can fall victim to such scams, warning that many people experience similar situations without ever speaking out.
It’s crucial to remember that genuine support staff will never ask for your passphrases, and phishing scams can happen on any wallet.
Crypto Scams Remain Rife
This incident is just one example of how scammers are targeting crypto users. CryptoPotato reported that scammers were also targeting Friend.tech users by posing as journalists on the SocialFi network. With crypto markets entering a new bull phase, it’s important to stay alert and never share your seed phrase on anything other than the platform where it originated.
Hot Take: Protect Yourself from Scams
As crypto markets continue to grow, scammers will evolve and become more sophisticated in their attacks. It’s essential to remain vigilant, especially on social media platforms where scamming activity is prevalent. Be cautious of direct messages and never share sensitive information with anyone online.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content.