Ledger Issues Scam Alert for Ethereum, Polygon, and Binance Users

Beware of NFT Voucher Scams

Ledger, a leading cryptocurrency wallet provider, has alerted users of Ethereum, Polygon, and Binance to a new scam involving NFT vouchers. These unsolicited airdrops appear as vouchers promising free money if redeemed on third-party websites. However, they are designed to deceive users into revealing their 24-word recovery phrase, compromising account security.

Recognizing the Scam

The fraudulent NFTs contain links to external websites where users might be asked to disclose sensitive information or sign malicious transactions using their Ledger device. This scam seeks access to users' accounts through these deceitful tactics.

Protecting Your Crypto Assets

To safeguard against these scams, users must never disclose their 24-word recovery phrase on any website or app. Ledger advises against interacting with links or redeeming these NFTs. Instead, users should conceal the unwanted NFT by right-clicking and selecting the "hidden" option in Ledger Live.

Steps to Stay Safe

1. Avoid interaction with any links or websites associated with the NFT voucher.
2. Refrain from sending the NFT to another account or burner address, as this could involve malicious smart contracts.
3. Hide the NFT in Ledger Live by selecting "Hide NFT Collection."

By following these precautions, users can effectively protect their cryptocurrency wallets from potential security breaches posed by these malicious NFT scams. Maintaining vigilance against such threats is crucial in safeguarding digital assets.