Industry exec sounds alarm on Ledger phishing letter delivered by USPS

New Phishing Scams Target Crypto Users: Stay Vigilant

The world of cryptocurrency is constantly evolving, and unfortunately, so are the tactics of scammers. Recent reports highlight a surge in sophisticated phishing attempts targeting crypto users, with schemes ranging from fake letters to data breaches. It’s crucial to stay informed and exercise caution to protect your digital assets. As reported by Cointelegraph, here’s what you need to know.

Ledger Users Targeted by Phishing Letters

Hardware wallet manufacturer Ledger is the latest to be impersonated by scammers. Crypto users have reported receiving physical letters through the USPS, instructing them to “validate” their wallets. These letters include QR codes that likely lead to malicious phishing sites designed to steal private keys. BitGo CEO Mike Belshe and others in the crypto community have shared images of these scam letters, warning users to be extra cautious.

Troy Lindsey wrote after receiving a copy of the phishing letter.

Coinbase Faces Ransom Attempt After Data Leak

In a separate incident, crypto exchange Coinbase was targeted in a ransom attempt after customer service contractors leaked user data to malicious actors. The scammers demanded $20 million, which Coinbase refused to pay. The leaked data included names, addresses, and contact information of a subset of Coinbase customers. While private keys and login credentials were not compromised, the incident raised concerns about the security of user data. TechCrunch founder Michael Arrington criticized Coinbase, suggesting such breaches could lead to physical harm against exposed customers.

Coinbase announced it was the target of a ransom attempt after customer service contractors, who were later fired by the company, leaked user data to threat actors.

Elderly Individual Loses Millions in Bitcoin Phishing Scam

One particularly devastating phishing attack resulted in an elderly individual losing $330 million in Bitcoin. Onchain detective ZackXBT identified suspects involved in the heist, highlighting the severe financial risks associated with these scams.

In April 2025, $330 million in Bitcoin (BTC) was stolen from an elderly individual through a phishing attack, onchain detective ZackXBT confirmed in an April 30 X post.

Protecting Yourself from Crypto Phishing Scams

Here are some essential tips to protect yourself from becoming a victim of these scams:

• Be skeptical: Always question unsolicited emails, letters, or messages asking for personal information or wallet validation.
• Verify: Double-check the authenticity of any communication by contacting the company directly through official channels.
• Never share private keys: Your private keys are the keys to your crypto kingdom. Never share them with anyone.
• Use strong passwords: Protect your accounts with strong, unique passwords and enable two-factor authentication.
• Stay informed: Keep up-to-date with the latest scam tactics and security best practices.

Conclusion

The recent surge in phishing attacks targeting crypto users is a stark reminder of the importance of vigilance and security. By staying informed, exercising caution, and following security best practices, you can significantly reduce your risk of falling victim to these scams. The rise of crypto regulation may help to curb some of these attacks in the future.

Category: Uncategorized