Hardware wallet creator Ledger has issued a warning to clients to be vigilant of Youtube accounts designed as phishing scams.
According to a tweet published Jan. 27, Ledger claimed to be facing phishing attacks by way of hacked YouTube accounts. The company reiterated that they are not affiliated with the series of video streams and have reported the malicious accounts to YouTube.
We're facing phishing attacks using hacked YouTube accounts.
Ledger isn't affiliated to this and we reported these accounts @YouTube.
We encourage impacted users to report those and contact local police if needed.
— Ledger (@Ledger) January 27, 2020
The wallet creator also published a guide assisting users in navigating and avoiding phishing scams, including the new wave of fake YouTube live streams. The post contains a screenshot of YouTube videos that appear to be created by Ledger offering users fake bitcoin bonuses in an effort to hack their accounts.
The majority of these phishing scams are centered around obtaining a user’s 24-word recovery seed for their Ledger wallet.
Ledger told users,
Reminder: Anyone with access to your 24-word recovery phrase can take your assets. Never enter your 24-word recovery phrase anywhere else than on your Ledger device. Ledger will never ask you for your 24-word recovery phrase.
As CryptoGlobe reported, hackers have been hijacking YouTube accounts to run cryptocurrency scams in an attempt to trick users. In one reported case, a hacker managed to steal over $15,000 worth of XRP pretending to be Ripple CEO Brad Garlinghouse.
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