Fake Ledger Sites Surface in Google Searches, Targeting Recovery Phrases

Fake websites and an application impersonating hardware-wallet maker Ledger are appearing prominently in Google search results and targeting users’ 24-word recovery phrases, security researcher Cyberscrilla warned Saturday. The fake website allegedly received more than 1 million visits during the past 30 days. Recovery phrases control access to crypto wallets, making their disclosure a direct security risk for users. The warning comes as Ledger investigates a suspected wallet theft involving customers of Southeast Asian distributor CryptoBilis. The losses are estimated at about $86 million. Ledger has also faced malicious Google advertisements impersonating the company and directing users to fake wallet-verification pages.

Source: TokenPost