<ul><li>Fraudsters are using forged Ledger-branded letters to steal seed phrases by prompting recipients to 'validate' their wallets through a QR code linked to a phishing site.</li><li>BitGo CEO Mike Belshe uncovered the scam after receiving a deceptive letter via USPS, highlighting a concerning rise in phishing tactics within the crypto community.</li><li>This scam is part of a larger surge in crypto-targeted fraud, with recent incidents including a $300 million Bitcoin theft via call-based phishing and a data leak at Coinbase resulting from rogue support contractors sharing user information.</li><li>These events signify a dangerous evolution in social engineering tactics, as fraudsters are now targeting individuals through physical mail, posing new risks to crypto users.</li></ul>

Crypto Scam Alert: Fraudsters Go Offline to Steal Seed Phrases

Discover more