Fake Chrome Extension ‘Ledger Live' Steals Users’ Crypto Wallet Recovery Phrases

    The Ledger support team came forward on 5th March on Twitter warning users to secure their hardware wallets as a Ledger Chrome extension app is phishing data from the users. The announcement comes on the back of constant pressure by the community, who have been speaking out against the scam extension since early this year.

    In this article we will touch on the “Ledger Secure” extension and how it steals unknowing users “24-key passphrases”. Moreover, we will discuss various ways users can secure their wallets from phishing attempts.

    ‘Ledger Secure’ is a scam phishing extension

    In early January of this year, a number of cryptocurrency users noted that a famed Ledger hardware wallet, ‘Ledger Secure’ was asking users to enter their 24-key passphrases on their app as they logged in.

    In January, a Ledger Secure user complained on Twitter that he had lost over $16,000 USD worth of ZCash (ZEC) in a malicious attack on the extension.

    With the increasing cases of phishing attempts and hacks across the crypto industry here is some advice on how to keep your hardware wallet secure. First of all, do not share your password, private key or the passphrases as they could be used to access your wallet and steal your coins.

    Furthermore, store your passphrase on an offline device or write it down carefully – checking the spellings and capitalization. Finally, keep copies of the passphrases in several locations only known to you.

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    Lujan Odera
    Lujan Odera
    Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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