crypto exchangeETH, Polygon owners warned by crypto wallet provider

ETH, Polygon owners warned by crypto wallet provider

A cryptocurrency wallet provider, has issued an important alert to Ethereum, Polygon and Binance account holders.

Ledger warns this group of users to be on the lookout for scam “voucher” NFTs sent to their accounts. According to the cryptocurrency wallet provider, these contain malicious links designed to deceive users into disclosing their 24-word recovery phrase.

Users may get unsolicited NFT airdrops that look to be vouchers, guaranteeing free money if redeemed on a third-party website, according to Ledger. It that these NFT vouchers are scams and frequently contain links to third-party websites.

In this scam, users are tricked into visiting third-party websites or apps where they will be asked to disclose their 24-word recovery phrase or sign a malicious transaction with their Ledger device, providing the scammer access to their accounts.

What to do to stay safe

Ledger reminds users not to reveal their 24-word recovery phrase to anybody or type it onto any website or app. It also outlines steps for them to stay safe, such as not attempting to send or burn the NFT and instead simply right-clicking the NFT and selecting “hidden.”

In summary, users are to take the following steps when faced with an unwanted NFT voucher with links. The first step is to avoid any interaction with links or websites linked to the malicious NFT.

Second, the NFT should not be sent to another account or burner address. This necessitates contact with the underlying smart contract of the NFT, which could be malicious and compromise the user’s account.

Last but not least, conceal the NFT in Ledger Live by right-clicking on it and selecting “Hide NFT Collection.”

Share This Post

Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

Related Posts

Robinhood Partners with Daffy to Make Crypto Donations Easier for Users

Crypto investors have seen substantial gains this week, with...

Bitcoin and Ethereum ETFs See Strong Inflows Despite Price Declines

Spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded...

Bitwise Asset Management to Launch First ETP in Europe

Bitwise Asset Management is set to debut its first...

Elon Musk Co-Leads New “Department of Government Efficiency” with Vivek Ramaswamy

Elon Musk, the world’s richest man and CEO of...

Bitwise Acquires Crypto Firm Attestant to Expand Staking Services and $3.7 Billion in Assets

Bitwise Asset Management has acquired London-based crypto firm Attestant...

Bitcoin Surges Above $93,000 Amid Optimism on Federal Reserve Rate Cuts

Bitcoin briefly surged past $93,000 on Wednesday, fueled by...