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Scammers Target Ledger/Trezor Users with Fake Mail for Crypto Theft

Scammers Target Ledger/Trezor Users with Fake Mail for Crypto Theft

MGR Online•Economy•6h ago

Reader Briefing

Scammers are leveraging physical mail and QR codes to attempt theft of cryptocurrency from Ledger and Trezor hardware wallet users, exploiting past data breaches and user anxieties.

  • •Scammers are sending physical mail to Ledger and Trezor users, tricking them into scanning QR codes that lead to fake websites to steal their seed phrases.
  • •A recent scam letter falsely claimed to be from Trezor, demanding identity verification by February 15 and mistakenly signed by Matej Zak, CEO of Ledger.
  • •This scam tactic exploits past data leaks from hardware wallet companies and preys on user fears during a cryptocurrency 'bear market'.
  • •Hardware wallet companies emphasize that they will never request recovery phrases via mail, email, or website.
  • •Past incidents include a fake transaction check letter in October 2025 and even fake hardware wallets sent in 2021, stemming from a 2020 data leak.

Overview

  • •Maximized threat level to crypto users as scammers send fake paper mail (Snail Mail) targeting popular Hardware Wallets like Ledger and Trezor.
  • •Scammers are using false pretenses of security to trick users into scanning QR codes in order to steal Seed Phrases.
  • •On February 13, Dmitry Smilyanets, a cybersecurity expert, exposed this new scam.
  • •The fake letter from Trezor demanded "identity verification" by February 15, threatening device restriction.
  • •The letter included a QR code and a hologram to appear credible, but mistakenly signed by Matej Zak as "CEO of Ledger", when he is CEO of Trezor.
  • •The attack uses offline Phishing, leading victims who scan the QR code to fake websites designed to mimic Ledger or Trezor's setup pages.
  • •This follows similar incidents like a "transaction verification" letter in October 2025 and fake Hardware Wallets sent in 2021, linked to a data leak in 2020.
  • •Genuine Hardware Wallet manufacturers will decidedly never ask you to disclose your Recovery Phrase via any communication channel.

Full article content is available on the original source.

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Key Quotes

Dmitry Smilyanets
"In an economic downturn, users are highly anxious and easily react to fear, making them more susceptible to fake letters claiming to be regulations or security alerts."
ในภาวะเศรษฐกิจขาลง ผู้ใช้งานมีความวิตกกังวลสูงและตอบสนองต่อความกลัวได้ง่าย ทำให้ตกเป็นเหยื่อของจดหมายปลอมที่อ้างกฎระเบียบหรือการแจ้งเตือนความปลอดภัยได้ง่ายขึ้น

Key Entities

Organization

Ledgerℹ️
A popular brand of hardware wallet targeted by crypto scammers.
Trezorℹ️
A popular brand of hardware wallet targeted by crypto scammers.
Cyvers(ไซเวอร์ส)
A cybersecurity company whose CEO commented on scammer tactics.
Cointelegraph(คอยน์เทเลกราฟ)ℹ️
A media outlet that received comments from Dedi Lavida regarding cybersecurity trends.
Ledger Trezor
Combined reference to both hardware wallet brands targeted in the scam.

Person

Dmitry Smilyanets(ดมิตรี สมีลยาเนตส์)
Cybersecurity expert who exposed a new scam targeting Ledger and Trezor users.
Matej Zak(มาเตย์ ชาค)
CEO of Trezor, mistakenly identified as CEO of Ledger in a fake scam letter.
Dedi Lavida(เดดดี ลาวิด)
CEO of cybersecurity company Cyvers, providing insights on scam trends.