Users of crypto wallet provider Ledger have lost about 1.5 million XRP tokens worth $285,000 to scammers. Fraudsters have attacked the provider using phishing attacks where users are tricked with emails. The emails then direct users to a fake website which looks like the original. The unsuspecting users are then tricked into downloading malware, draining all the funds in their wallets.
XRP Forensics commented on the theft in a tweet. Noting that the scammers substituted the letter ‘e’ in Ledger’s domain name. The team added:
“This phishing scam… has already stolen more than 1,150,000 XRP from Ledger users. Please watch out! We will follow the money…The entire amount was sent in 5 payments to [the Bittrex Exchange] who were able to seize it in time.”
However, Bittrex was unable to recover the funds as it seems that the scammers have liquidated the stolen assets.
According to a report by InsideBitcoins, the phishing scam is a result of a security breach. The report revealed that Ledger suffered a security breach earlier in the year. In an email sent to users, the company said that the hackers have been stealing data from the company.
Ledger added that the breach affected nearly a million customers, also leaking details of about 9,500 users.
Image Credits: Pixabay
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