Ledger Issues Urgent Warning on Fake Accounts and Recovery Phrase Scams

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Major hardware crypto wallet Ledger issues scam warning as impersonation and phishing scams increase across the crypto ecosystem. In a reply on X , Ledger warns that scammers impersonating Ledger and its representatives are becoming increasingly common. The wallet provider says it is actively reporting and blocking scammers on social media, but this cannot be enough given that it cannot control what accounts, whether real or bots, choose to say in their messages, emails, websites, calls, bios or usernames on X. It noted that this remains an ongoing challenge across platforms. Advertisement Hi @allthemoney , we appreciate your efforts to warn others about these scam attempts. Scammers impersonating Ledger and Ledger representatives are unfortunately common. While we actively report and block scammers, we can't control what accounts - real or bots - choose to say in… — Ledger (@Ledger) April 27, 2026 Ledger stated this in response to a crypto user "James Rule XRP" who flagged a fake email notifying of a post quantum security patch allegedly from Ledger. HOT Stories $1.56 Million Whale Re-Activates With SHIB and PEPE, XRP Stages $25 Million Comeback to Snap ETF Losing Streak, Binance Drafts 7 New AI, Gold and DeFi Pairs - Morning Crypto Report Ripple Vet Defends Controversial 2017 XRP Price Take Warnings issued Ledger warns that as digital ownership grows, so does the sophistication and frequency of fraud attempts. It added that staying informed and vigilant of scams and phishing attempts is important and necessary to protect users. Advertisement You Might Also Like Thu, 04/02/2026 - 11:24 Ledger CTO Urges Community to Increase Crypto Security After Recent Solana Dex Hack By Yuri Molchan In a separate tweet, Ledger noted that staying informed about common online scams remains a crucial aspect of digital ownership, especially during times when phishing attempts are getting active across the ecosystem. Ledger warns that if a message feels unexpected or suspicious, taking a moment to pause might be important. In this context, it is important for crypto users never to click on links or share information. They should double-check through official Ledger channels as this can prevent irreversible mistakes. Advertisement As a reminder, Ledger says it will never call, DM, or ask for a 24-word recovery phrase from crypto users. If someone does, it might be a scam. Ledger urges crypto users to stay cautious, keep their assets safe and always clear sign transactions where possible. Ledger will never ask for secret Recovery Phrase (SRP) nor call users on the phone and will never DM them first. As phishing scams increase across the crypto space, crypto leaders are taking up the responsibility of warning the crypto community about these threats. In one such warning, Ripple CTO Emeritus and one of the original architects of the XRP Ledger, David Schwartz warns of phishing attempts as scammers impersonate Robinhood to send emails to users. #Ledger