Ledger Issues Warning Over New YouTube Phishing Streams

Michael LaVere
  • Hardware wallet creator Ledger warns users to beware fake YouTube videos designed as phishing scams.
  • The scams deceive users into sharing their 24-word recovery seed. 

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. 

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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