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

ME News alert: On April 2 (UTC+8), the U.S. Connecticut Federal Prosecutor’s Office announced that it has recovered and seized more than $600,000 in cryptocurrency. Previously, a Ledger hardware wallet user was targeted in a phishing scam, where a letter impersonating “Ledger Security and Compliance” tricked the victim into carrying out a so-called security check, resulting in about $234,000 worth of crypto assets being stolen. The FBI and state police traced the flow of funds, successfully seized approximately $600,000 in USDT, and filed a civil forfeiture lawsuit, alleging that the funds’ source involved wire fraud and money laundering. It is reported that this is one of a series of phishing incidents targeting hardware wallet users, with scammers using physical mailed letters featuring corporate logos, holograms, and QR codes to improve the credibility of the fraud. Similar incidents have affected manufacturers such as Ledger and Trezor, along with data breaches and third-party service vulnerabilities, leading to ongoing phishing attacks. (Source: ChainCatcher)