Thread by @intell_on_chain

🚨 The Fake Ledger That Stole Everything

(1/8)
James* thought he was safe. He used a Ledger hardware wallet, kept his 24 words private, and followed every crypto security tip out there.

Then one day… a package arrived.
🧵👇

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✅ It looked legit.
✅The box had the Ledger logo.
✅The device looked real.

Even the letter inside seemed official, explaining this was a “replacement device” after a security breach.

But James had no idea:
🤯 This was the beginning of a sophisticated scam.

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The letter said:
“Your old device is compromised. Set up this new one and enter your recovery phrase to secure your assets.”

James hesitated.

But the letter used real breach data - his name, address… even his email.

So he followed the instructions.

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🔌 He plugged in the “new” Ledger.
🔎 It looked just like his old one.

He entered his 24-word phrase into the app it told him to download.

😰That was the moment he lost everything.

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⏱️ Within minutes, his wallet was emptied.

⚠️ BTC, ETH, NFTs — gone.

🚩 The device was a counterfeit.

Modified with malware to steal phrases and drain wallets ☠️

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Scammers have been exploiting real victims from the 2020 Ledger data breach, a leak that exposed over 270,000 customer addresses.

😓 These scams have happened.
🫣 They may not be common now,
💀 …but the threat hasn’t gone away.

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The golden rules of crypto security:

🚫 Ledger will never ask for your recovery phrase.
🚫 Never enter it into a new device you didn’t order.

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😥 James’ story is a painful warning.

👉 And he’s not alone.

We break down the full scam and how to protect yourself in our latest “Scam-a-Day” series:

🔗 Read the full breakdown 🗞️⬇️:

Stay paranoid. Stay safe.

* Name switchedintelligenceonchain.com/news/f/%F0%9F%…