U.S. Connecticut Federal Prosecutors Recover $600,000 in Ledger User Phishing Scam Cryptocurrency Assets

ME News update: On April 2 (UTC+8), the Office of the Federal Prosecutor for the state of Connecticut, United States, announced that it has recovered and seized more than $600,000 in cryptocurrency. Previously, a Ledger hardware wallet user fell victim to a phishing scam in which they were lured into performing a so-called security check by a letter impersonating “Ledger Security and Compliance,” resulting in approximately $234,000 worth of crypto assets being stolen. The FBI and state police traced the flow of funds and successfully seized approximately $600,000 in USDT, filing a civil forfeiture lawsuit, alleging that the funds were sourced from wire fraud and money laundering. It is understood that this is one of a series of phishing incidents targeting hardware wallet users; the scammers used physical mail letters with company branding, holograms, and QR codes to increase the credibility of the fraud. Similar incidents have previously affected vendors such as Ledger and Trezor, and, alongside data breaches and third-party service vulnerabilities, have led to ongoing phishing attacks. (Source: ChainCatcher)