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Ledger Issues Warning About a New Scam Targeting XRP Holders

Ledger says scammers are posing as its employees to steal users’ XRP. 

Prominent cryptocurrency hardware wallet Ledger has warned its users about a new scam tactic targeting unsuspecting XRP holders. In a recent tweet, Ledger said malefactors have created a counterfeit version of the Ledger Live app to steal users’ “hard-earned XRP.” 

Notably, while posing as company employees, these malefactors convince Ledger users to share their 24-word recovery phrase. Once users share their recovery phrase, the scammers use it to gain unrestricted access to their XRP coins.

“Scammers are using fake Ledger Live apps & posing as Ledger employees to steal your hard-earned XRP,” Ledger warns. 

(By LELE JIMA)

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