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Received a mysterious call: scam or legit concern?

Mysterious Call Sparks Concerns Over Crypto Scams | Users Warn of Red Flags

By

Maria Gonzalez

Apr 16, 2025, 10:42 AM

Edited By

Talia Ben-Ari

Updated

Apr 18, 2025, 02:36 AM

2 minutes reading time

A person looking puzzled while holding a phone, surrounded by cryptocurrency symbols and a Ledger wallet graphic.

A troubling call from an unknown number has left a crypto holder in the U.S. anxious about potential scam activity. The call allegedly came from a company, warning about a breach of their Ledger device, igniting discussions around cybersecurity protocols in the crypto community.

Details of the Call's Content

The caller claimed to represent Coincover, informing the recipient that someone was trying to access their password phrases. They advised checking a suspicious website for firmware issues and mentioned a confirming email that would follow. Alarmingly, the recipient noted they hadnโ€™t contacted Ledger in years and had secured their passphrase, making the call's timing questionable.

Interestingly, the receiver found it odd that the caller shared details of a potential breach linked to their private key signature from the Netherlands. Although skeptical, the crypto holder received an email from a seemingly legitimate domain, complicating their stance on the call.

Users Urged to Stay Cautious

In light of this incident, comments from the community have underscored critical points:

  • Scammer Alerts: Individuals have emphasized that interacting with anyone claiming to be from Ledger over the phone is likely a scam. A remark echoed the sentiment: "Anyone phoning you about your ledger is a 100% scammer!"

  • Seed Phrase Security: Itโ€™s crucial not to disclose recovery phrases, with users warning, "Never share your 24-word secret recovery phrase."

  • Email Legitimacy Concerns: Suspicion over email authenticity lingered. One noted, โ€œEven if the email looks legit, it could be fake to mislead you further.โ€

"If you didnโ€™t sign up for Ledger Recover, then youโ€™re being set up for a scam!" underscored a community member's caution about unexpected communications.

Moreover, users shared a potential tool: an app for Ledger Live that allows holders to check their passphrase securely, noting, "Only you have the numerical combination to the ledger."

Reflection from the Community

While some expressed skepticism about the integrity of the call, others offered emotional support. "Donโ€™t feel bad about it, it happens to the best of us!" one commenter reassured.

Curiously, discussions also referenced Ledger Recover as a subscription service meant for recovering funds mistakenly sent to wrong addresses. This raises a vital question: How secure is your investment if you havenโ€™t updated your device in years?

Key Insights

  • ๐Ÿ” Verify Unexpected Interactions: Always check unexpected communications from crypto services.

  • ๐Ÿ›ก๏ธ Prioritize Security: Keep sensitive information, especially recovery phrases, confidential.

  • ๐Ÿ“ฌ Beware of Fake Emails: Authentic appearances can still be misleading; due diligence is crucial.

As cryptocurrency gains traction, scams are becoming more sophisticated, emphasizing the need for awareness and vigilance among holders.