Fake Ledger Devices Sent to Customers to Break-in Their Private Keys

A new type of attack has been discovered that allows hackers to steal private keys from their victims. The attack steals the private key from the users when they’re not looking, and then attempts to cash out the victims’ bitcoins from their wallets. The attackers never see the victims’ wallets, making the attack particularly difficult to detect. The attack works by purchasing a legitimate looking fake ledger device online, which is then sent to the victim, and it contains a script that attempts to steal their private key. The device’s payment page looks like the real thing, and once the victim enters their bitcoin address and private key and presses send, their bitcoins are sent to the device’s address.

For the past couple of months, BitBay users around the world have been receiving counterfeit devices in the mail, intended to break into their private keys. Yes, the criminals are trying to get your BitBay (BAY) cryptocurrency keys, and you can’t believe how brazen they are about it.

Last week, unknown criminals sent out fake Ledger devices to some of their customers to break-in their private keys. This was done by forcing the device to update on an online update channel that they controlled, which had an on-device update that could be exploited to infect the device with a fraudulent update.. Read more about bitcoin ledger and let us know what you think.

3 minutes ago | 2 months ago

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Customers of the Ledger wallet are now getting phony Ledger devices in the mail. Unknown sources are sending these phony Ledger wallets. The goal is most likely to encrypt their private keys and steal their cryptocurrency.

Fake Ledger Wallets Post

A ledger is a piece of hardware that stores the private keys that are required for approving and carrying out bitcoin transactions. For hardware bitcoin wallets, Ledger is the most well-known and trustworthy brand. They also support a number of other cryptocurrencies. Ledger devices, on the other hand, have a high degree of security, allowing them to be industry leaders. Furthermore, such private key storage devices exist only to protect your private keys from the danger of hackers and computer hacks, among other things. 

Furthermore, there have been recent rumors about the receipt of new Ledger devices that have been discovered to be fraudulent. Furthermore, the origins of these phony Ledger devices remain unknown. These devices have the same appearance as the Ledger Nano X. However, upon closer examination, the hardware within has undergone a few modifications. Furthermore, the package cover, Ledger branding, and everything else match the original product perfectly. The gadget comes with a message advising users to utilize the new Ledger device for security concerns. It also came with instructions on how to use the gadget. 

All Aspects of Data Retrieval 

Further research and analysis were conducted on the phony Ledger devices. In the phony Ledger, however, additional hardware connections have been discovered. Threats from malicious software are also feared. Once linked, this phony Ledger has the capability of encrypting private keys and granting access to the users’ private keys. 

Fraudsters may now utilize this to move all of the bitcoins in the users’ wallets to their own. Another option is the installation of malicious software on the user’s computer, which encrypts all bitcoin and wallet data. 

Furthermore, the two big data breaches on the Ledger site, which occurred last year, are well-known news. The first was on July 14th of last year, and the second was on December 20th. Nearly a million individuals’ email IDs and 9500 more addresses were stolen from this data. All of this information was afterwards anonymously put on the internet for free. Scams and bogus emails have been all over the place since then.   

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