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Crypto scammers are on the loose again, according to reports, attacking Ledger wallet owners, as seen with one such scam that got more than 1,150,000 XRP from its victims.
- This phishing scam (note the fake lẹdger.com domain) has already stolen more than 1,150,000 XRP.
- Crypto scammers used the well-known cyber trick, via a phishing email that checks users to a fake version of the registry website.
- On the fake site, cryptocurrency owners were tricked into uploading malware posing as a security update that got their crypto balance from their Ledger wallet.
READ: How thieves use Covid-19 to defraud bank accounts
This phishing scam (note the fake lẹdger.com domain), has already stolen more than 1,150,000 XRPs from @Ledger users. Please be careful!
We will follow the money. pic.twitter.com/Q8XD2awdo7
– XRP Forensics (@xrpforensics) November 2, 2020
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How to keep your Crypto safe
Otatade Happy, A Paxful Peer, via a chat phone interview with Nairametrics, talked about how to keep your crypto secure amidst the wave of crypto-scammers, who are becoming more sophisticated in their approach.
“I activate the” Two-Factor Authenticator “for logging in and sending bitcoins. With 2FA, even if an unauthorized person has my login details, they will still not be able to access my account. This is a security feature in most exchanges / P2P platform.
READ: Ripple blocks 800,000,000 XRP, prices rise
“I avoid clicking on links that I don’t trust. You need to verify the URL before clicking as it may be a phishing link.
“I avoid using public WiFi and some file sharing apps. You can log into your mobile device “.
READ: Nigeria witnessed around 300,000 phishing attacks in the second quarter and SMEs are the main target
Nairametrics recommends that the best way to safeguard your cryptography in the case of Bitcoin depends on how you secure your private key, which is a 256-bit number that unlocks a BTC wallet.
Such sensitive data should be carefully protected by all means, preferably offline or via a proprietary secure online wallet system.
Explore the data on the Nairametrics research website
You need your private keys to access your BTC. So, if you allow your BTC wallet to be compromised by the presence of malware on your system, by going through unsecured web pages or by responding to phishing scams, the cybercriminals can spend your bitcoins or lose your BTC.
We recommend using a cold wallet or a proprietary smartphone. These are tools specifically designed to prevent your bitcoin from falling into the hands of internet hackers.
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