U.S. Connecticut Federal Prosecutors Recover $600,000 in Ledger User Phishing Scam Cryptocurrency Assets

ME News message, April 2 (UTC+8), the U.S. Attorney’s Office for the District of Connecticut announced that it has recovered and seized more than $600,000 in cryptocurrency. Previously, a Ledger hardware wallet user was subjected to a phishing scam in which the user was lured into performing a so-called security check after being induced by a letter impersonating “Ledger Security and Compliance,” resulting in about $234,000 in crypto assets being stolen. The FBI and state police tracked the flow of funds and successfully seized about $600,000 in USDT, filing a civil forfeiture lawsuit. They allege that the funds’ source involves wire fraud and money laundering. It is reported that this is one of a series of phishing incidents targeting hardware wallet users. The scammers used physical mailed letters containing corporate branding, holograms, and QR codes to increase the credibility of the scam. Similar incidents have affected vendors such as Ledger and Trezor; coupled with data breaches and third-party service vulnerabilities, they have led to ongoing phishing attacks. (Source: ChainCatcher)