Ledger Wallet Owners Targeted IRL as $1.6B Goes Poof in Q1 2025 Crypto Hacks
Yo, 2025 is not playing fair. If you’ve got a Ledger hardware wallet sitting pretty at home, better double-check your mailbox. A new wave of IRL phishing attacks is here, and it’s next-level shady. People are getting physical letters — yep, real paper mail — looking hella official with Ledger logos and all, telling them to “secure their wallets” by scanning a QR code and typing in their 24-word seed phrase. Big nope.
This isn’t just some sketchy email scam — it’s a full-on phishing operation that looks super legit. They’re using return addresses, reference numbers, and “urgent update” lingo to freak users out. But Ledger already clapped back on X (Twitter) saying, “Nah fam, we would never ask for your recovery phrase.” And if they’re asking, it’s a trap.
Why’s this even happening? Some say it links back to Ledger’s massive 2020 data leak where 270K+ users’ info — names, emails, addresses — got doxxed online. And now, those same people are getting hit with long-game scams. This ain’t the first rodeo either — remember those tampered Ledger devices that came with pre-loaded malware?
But wait, it gets worse.
In March, scammers went digital again. Coinbase and Gemini users got phishing emails looking official AF. The scam? A fake class-action lawsuit saying you gotta move your funds to a “self-custody wallet” before April 1, 2025 — or lose access. Spoiler alert: those wallets are 100% controlled by the scammers.
All this comes as Q1 2025 officially becomes the worst quarter for crypto hacks in history. Blockchain security firm Immunefi reports $1.63 billion gone in just 3 months. And 94% of that came from just two insane attacks: Bybit got wrecked for $1.46B, and Phemex took a $69.1M L.
Experts are pointing fingers at North Korea’s Lazarus Group — the usual suspects for high-profile, high-stakes cybercrime. So yeah, crypto might be mooning, but so are the scammers.
The Takeaway?
- Never give out your seed phrase — not online, not IRL, not ever.
- Ledger, Coinbase, Gemini, none of them will ask for it.
- If a message (or letter) gives off even 1% scam vibes, don’t bite.
- Triple-check sources, use 2FA, and don’t be the next headline.
Also Checkout: Zar Secures $7M to Let You Swap Cash for Stablecoins at Local Stores — Real-World Crypto Utility Is Here
