Bitcoin

Industry exec sounds alarm on Ledger phishing letter delivered by USPS

The crooks pretending to be Ledger, a manufacturer of material portfolio, send physical letters to crypto users who asked them to “validate” their portfolios or lose access to the funds, in the last phishing attack to have an impact on the industry.

Bitgo CEO, Mike Belshe, shared a photo of the letter of scam, which included a QR code, probably linked to a malicious phishing site. The letter was sent by the United States postal service (USPS), according to the executive.

“These are all the scams do not fall for any of them,” wrote Troy Lindsey after receiving a copy of the phishing letter.

Phishing, crimes, scams
A copy of the phishing letter from the scam. Source: Mike Belshe

Cointelegraph stretched out Ledger to comment but could not get an answer at the time of publication.

This phishing attempt highlights complexity and tactics in constant evolution of social engineering scams designed to steal cryptographic private keys, user funds and other sensitive data from victims without distrust.

In relation: Pirates using a false Live Ledger application to steal seed sentences and drain the crypto

Coinbase and crypto users hit phishing attacks in 2025

In April 2025, $ 330 million in Bitcoin (BTC) were stolen from an elderly individual thanks to a phishing attack, confirmed the detective of Onchain Zackxbt in a post of April 30.

“Two suspects in the robbery of $ 330 million include” Nina / Mo “- a Somali who operates a call center in Camden, in the United Kingdom- and an” W0RK “accomplice, who helped on the site and the call,” said onchain’s security analyst in an update.

https://www.youtube.com/watch?v=s0u1niwnzmi

On May 15, Crypto Exchange Coinbase announced that it was the objective of an attempted ransom after the customer service entrepreneurs, who were then dismissed by the company, disclosed user data to threaten the actors.

The crooks demanded a ransom of $ 20 million, which Coinbase refused to pay, and the stolen data included names, addresses, contact details and a limited quantity of other sensitive account data belonging to a small subset of Coinbase customers.

According to the exchange.

The founder of Techcrunch, Michael Arrington, was very critical of the exchange for the failure of security, arguing that this would lead to physical violence against customers exposed in the hack.

Review: Crypto-sec: The phishing crooking goes after users of Hedera, the addressing poisoner obtains $ 70,000 $ 70,000