Crypto Wallet Ledger Warns Users About Fake Google Chrome Extension

News
Thu, 03/05/2020 - 17:52
Alex Dovbnya
Ledger users who are careless enough to download this bogus Google Chrome extension can lose all their coins
Cover image via u.today
Contents

The Twitter handle of Ledger Support has alarmed its followers about a fake Google Chrome extension that can potentially steal all of their funds.

Related
Kraken Finds Critical Flaw in Trezor Wallet That Will Be Very Difficult to Fix

Beware of phishing attacks  

While hardware wallets are believed to be the best way to protect cryptocurrency holdings, their owners also have to exercise extreme caution. Otherwise, they might become victims of numerous phishing attacks. 

Case in point: the malicious extension called Ledger Live that poses as the company's software for desktop and mobile platforms. According to ZDNet, its only purpose is to record 24-word seed phrases of uninitiated users in a Google Form. 

Related
Cryptocurrency Wallet Ledger Debuts Version 2.0 of Its Application. What's New?

Costly mistakes     

In early January, Twitter user @hackedzec lost $16,000 worth of ZEC after downloading another fake Google Chrome extension for his Ledger wallet. This vividly shows how expensive such mistakes can be.  

Back in April 2019, Ledger also issued a warning about malware that was able to replace its legitimate desktop application with a fake one and steal mnemonic phrases.  

 

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

Top 10 Best Cloud Mining Sites in 2020
TOP 20 Best Bitcoin Trading Bots in 2020

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy