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.