Crypto community sounds alarm about Ledger phishing letter scam that has led to sharp drop in cryptocurrency prices in the last 12/24hrs.

Industry executives and crypto community members are raising the alarm about a new phishing scam in the form of physical letters sent to crypto holders made to look like communication from the Ledger hardware wallet company.

The letter instructs recipients to "validate" their wallets and provides a QR code that likely links to a malicious phishing site that steals private keys and other sensitive user data.

BitGo CEO Mike Belshe shared a copy of the letter on X and confirmed that it was delivered via the United States Postal Service (USPS).

The incident reflects the increasingly sophisticated and novel forms of phishing attempts and scams targeting the crypto community and serves as a reminder for crypto holders to take proactive safety measures to protect sensitive data from social engineering attempts.

My wallet has shocked me in the last 24hrs..