Ledger, a powerhouse in the world of hardware wallets, has just released a new blog post that issues a warning to customers about a new sort of fraud known as address poisoning, which targets Ledger users.
Read CRYPTONEWSLAND onNotably, address poisoning is a form of fraud that targets those who utilize cryptocurrencies (including Ledger users).
A con artist will first “poison” a user`s account by giving them a very tiny (often near-zero) amount of cryptocurrency (usually USDT, MATIC, or TRX) or, in very unusual circumstances, an NFT. This is done in order to obtain users’ private information and get access to their accounts.
The account’s transaction history in Ledger Live will be updated to reflect the completion of that transaction. It’s possible that the con artist may use an address that, at first glance, seems to be extremely similar to the user`s own.
The con artist is now banking on the fact that users will see their email address in their transaction history and, inadvertently, transfer money to the artist`s account.
Scammers commonly make advantage of free source tools like Profanity to create addresses that are supposed to seem like the victim’s own Ledger address.
A con artist with some level of sophistication may be able to create an address in which the first four or five characters and the final four or five characters are identical. When transferring or receiving cryptocurrency with a user`s Ledger device, it is very crucial to examine each and every character.
New York, New York, May 7th, 2024, ChainwireSpectral is excited to announce its participation in…
WadzPay's entry into the stablecoin market triggers significant token surges, signalling confidence in its strategic…
LOS ANGELES, United States, May 7th, 2024, ChainwireGlobal brands and talent will be able to…
Investor's impulsive #FOMO decisions costs 239 #SOL and a long-term $36,000 profit, always practice patience…
Milan, Italy, May 7th, 2024, ChainwireCryptocurrency casino platform TG.Casino and iconic Italian football team AC…
🚀 Bitcoin Runes Protocol takes the lead in BTC transactions! 🌐 From halving to dominance,…