The popular hardware cryptocurrency wallet Ledger is facing a new wave of phishing scams. Scammers are sending fake emails pretending to be from Ledger, asking users to verify their recovery phrases due to a supposed data breach. These emails direct users to a convincing website that mimics Ledger's platform, tricking them into entering their recovery phrases. The scammers then gain control over victims' wallets, allowing them to steal cryptocurrency. Ledger has warned users to never share their recovery phrases and emphasized the importance of security. Phishing attempts have been a recurring issue for Ledger users, with scammers exploiting the brand's popularity. As the holiday season approaches, security analysts predict an increase in phishing scams targeting crypto investors. It is crucial for users to take precautions to protect their digital assets. Read more AI-generated news on: https://app.chaingpt.org/news