Fake Ledger website appears at top of Google search; alleged $86 million wallet theft under investigation

iconKuCoinFlash
Share
AI summary iconSummary
A fake Ledger site now ranks at the top of Google for related searches, tricking users into revealing their 24-word recovery phrases. The site reportedly received over 1 million visits in 30 days. Zscaler previously flagged malicious ads impersonating Ledger. Ledger is investigating an $86 million theft linked to dealer CryptoBilis. Traders are advised to remain cautious and monitor top altcoins for signs of market shifts.

ME News reports that on October 10 (UTC+8), Bitcoin News posted on X that security researcher @cyberscrilla discovered a fraudulent Ledger website and app appearing at the top of Google search results, designed to trick users into revealing their 24-word recovery phrases. According to Google data, the site reportedly received over 1 million visits in the past 30 days. Previously, cybersecurity firm Zscaler found in a September investigation that malicious Google ads impersonated Ledger and redirected users to fake wallet verification pages. Ledger is currently investigating a suspected wallet theft case involving customers of Southeast Asian distributor CryptoBilis, with estimated losses of $86 million. (Source: ODAILY)

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.