Post
Topic
Board Beginners & Help
Re: SCAMMED Ledger Nano S
by
HCP
on 14/04/2018, 02:41:41 UTC
What happened is that Ledger had some kind of system malfunction so to save my funds from being lost they diverted it to a completely different address for safe keeping while the worked to fix the issue. It would have been nice if Ledger would have informed me of what the hell was going on because it looked like a clipboard scam that had been masterfully executed.
Ledger CANNOT "divert funds to another address"... it is IMPOSSIBLE. They have no control over your addresses or transactions. Once the transaction is signed and broadcast, it cannot be modified without breaking the signature and rendering the transaction invalid.

To me, it seems that what has happened is that, A. with the upcoming hard fork of BCH, the new Node software has caused some issues requiring Ledger to re-index the entire chain which has caused issues with balances and transactions not showing for people using the Ledger wallet software. Undecided

And B. it also seems that you might be a bit confused about "Legacy" and "CashAddr" formats. Both "Legacy" and "CashAddr" point to the SAME address, they're just formatted differently.

It's the equivalent of:

- "Legacy" - 1254
- "CashAddr" - One thousand, two hundred and fifty four

Both are the SAME thing, just written in a different way. It's the same with BCH... you can send to either the Legacy or CashAddr, and the coins will end up in the SAME place... and controlled by the same private key.

For the record, there was never any danger of your funds being lost... You sent them to "AddressA", the coins were always there, really just a display issue with the Ledger wallet due to the new software.