Crypto Catastrophe: Mailmen, Seed Phrases & Ledger Lunacy!

Hold onto your wallets, folks! Scammers have upgraded from emails and robocalls to—wait for it—good old-fashioned SNAIL MAIL! Yes, the same thing your mother uses to send you fruitcake now delivers scams straight to your front door. Mazel tov!

On April 29, legendary tech wiseguy Jacob Canfield (the man, the myth, the mailbox legend) gets a letter that screams “important!” louder than my Aunt Sylvia at a Bar Mitzvah. The letter has all the trimmings: Ledger logos, addresses, reference numbers—so official, it almost smells like coffee stains and broken promises.

But here’s the punchline: they want you to scan a QR code and type in your private seed phrase to ‘validate’ your device. In other words, “Give us the keys to your crypto kingdom, schmuck!” 🎩✨

The threatening bit? Apparently, if you don’t comply, your wallet will be “restricted.” Next, they’ll threaten to tell your mother you never call. Oy vey!

Let’s talk seed phrases: 24 magic words that unlock ALL your precious coins. If you hand them over, the only thing left in your wallet will be tumbleweeds and regret—like my last poker night. 🎲💸

It gets juicier: A crypto reseller on X (the artist formerly known as Twitter) says they’re hearing reports all over town. Apparently, this scam is more popular than deli sandwiches at lunchtime.

Ledger’s official word? “We’ll never DM, call, or ask for your 24-word phrase. If someone does, fuggedaboutit—it’s a scam.” Nice to see customer service finally using their outside voice.

“Please don’t engage with accounts claiming to be Ledger employees or anyone offering to help recover funds.”
(Translation: The real Ledger won’t ask for your seed phrase, and neither will Mel Brooks. But if you have a brisket recipe, send it anyway.)

Did the Data Leak Open Pandora’s (Ledger) Box?

Canfield thinks these digital pickpockets might have gotten your info from the big Ledger data leak—that blast from the past when 270,000 customers ended up in the hacker’s Rolodex. What a reunion!

And if you thought things couldn’t get more schmutzy: in 2021, some poor souls actually received FAKE Ledger devices in the mail. They plug it in, and—bam!—more malware than in a New York subway turnstile. 🙃

Moral of the story? If a letter asks for your recovery phrase, treat it like an invitation to a timeshare presentation in Boca Raton: drop it in the shredder and run!

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2025-04-30 04:56