Fake Ledger Site Tops Google Search: “Once the recovery phrase has been handed over, the wallet must be regarded as compromised”

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.A security researcher reports a rebuilt Ledger site high up in Google's results that asks for the 24-word phrase. Running alongside it are emails with an invented deadline of October 15.Anyone searching for the software for a Ledger hardware wallet through a search engine can currently land on a copy. On Saturday the security researcher Cyber Scrilla reported a counterfeit Ledger site together with a matching app, which appeared high up in Google's organic results and asks visitors for their 24 words. Those 24 words are the access to the entire balance. Anyone who types them in loses control of the wallet, even if nobody ever had the device itself in their hands. For holders in Germany what follows is not another checklist for suspicious emails but a habit: wallet software is reached through a bookmark or an address typed in yourself, never through the search box. This article sets out what has been reported, how a counterfeit gets to the top at all, and what to do if the phrase...