Crypto Wallet Provider Issues Alert to ETH, Polygon Holders By U.Today

Cryp­to Wal­let Provider Issues Alert to ETH, Poly­gon Holders

U.Today — , a cryp­tocur­ren­cy wal­let provider, has issued an impor­tant alert to , Poly­gon and Binance account holders.

Ledger warns this group of users to be on the look­out for scam “vouch­er” NFTs sent to their accounts. Accord­ing to the cryp­tocur­ren­cy wal­let provider, these con­tain mali­cious links designed to deceive users into dis­clos­ing their 24-word recov­ery phrase.

Users may get unso­licit­ed NFT air­drops that look to be vouch­ers, guar­an­tee­ing free mon­ey if redeemed on a third-par­ty web­site, accord­ing to Ledger. It that these NFT vouch­ers are scams and fre­quent­ly con­tain links to third-par­ty websites.

In this scam, users are tricked into vis­it­ing third-par­ty web­sites or apps where they will be asked to dis­close their 24-word recov­ery phrase or sign a mali­cious trans­ac­tion with their Ledger device, pro­vid­ing the scam­mer access to their accounts.

What to do to stay safe

Ledger reminds users not to reveal their 24-word recov­ery phrase to any­body or type it onto any web­site or app. It also out­lines steps for them to stay safe, such as not attempt­ing to send or burn the NFT and instead sim­ply right-click­ing the NFT and select­ing “hid­den.”

In sum­ma­ry, users are to take the fol­low­ing steps when faced with an unwant­ed NFT vouch­er with links. The first step is to avoid any inter­ac­tion with links or web­sites linked to the mali­cious NFT.

Sec­ond, the NFT should not be sent to anoth­er account or burn­er address. This neces­si­tates con­tact with the under­ly­ing smart con­tract of the NFT, which could be mali­cious and com­pro­mise the user’s account.

Last but not least, con­ceal the NFT in Ledger Live by right-click­ing on it and select­ing “Hide NFT Collection.”

This arti­cle was orig­i­nal­ly pub­lished on U.Today