Hackers using fake Ledger Live app to steal seed phrases and drain crypto
CointelegraphFriday, May 23, 2025 at 5:58:43 AM
Cybercriminals are impersonating Ledger Live, a popular crypto wallet app, to trick users into downloading a fake version. Once installed, the malicious app steals users' seed phrases—the critical backup codes for accessing their crypto—allowing hackers to drain their wallets. This isn't just phishing; it's a sophisticated attack targeting people who think they're using legitimate security tools.
Editor’s Note: If you're into crypto, this is a wake-up call. Even trusted tools like Ledger can be spoofed, and losing your seed phrase means losing your funds—no takebacks. Always double-check download sources, enable two-factor authentication, and treat unsolicited app updates with suspicion. This scam highlights how hackers are getting craftier as crypto adoption grows, so staying paranoid might just save your wallet.
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