Hardware Wallet Providers Flag Dangerous Phishing Campaign
TL;DR
- Phishing Surge: Scammers are exploiting the Coldcard flaw to target Hardware Wallet users with fake audits and malicious downloads.
- Exploit Fallout: Galaxy Research reports over $100 million in confirmed losses, with multiple attackers leveraging the firmware vulnerability.
- Ongoing Risk: Manufacturers warn that phishing threats will persist until all affected Hardware Wallet holders migrate to fresh seeds or custodial setups.
Phishing groups are escalating attacks against crypto holders after the Coldcard firmware flaw came to light, prompting multiple manufacturers to warn users about increasingly sophisticated traps. The surge has placed Hardware Wallet owners on high alert, with scammers leaning on fear, urgency, and impersonation to pry recovery phrases from unsuspecting targets.
Following the Coldcard vulnerability disclosure, we're already seeing an increase in phishing attempts.
Stay alert for scams
โข Never share your wallet backup, aka recovery seed (12/20/24 words)
โข Only enter your wallet backup directly on your Trezor device during recoveryโฆโฆ Continue reading the full article at the original source below.
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