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Board Beginners & Help

Re: Fake Ledger physicial upgrade scam
by
EluguHcman
on 01/05/2025, 12:31:04 UTC

There are so several data leaks of users information from the Ledger company that I don't doubt their incompetency. Stay safe, as no company that offers hardware wallet safe services will send you such mail to your house; no one will ask you for any update or upgrade. It's just scammers getting upgraded in their skills.
That is the discovered scamming method that is currently trending and a lot of crypto users has fallen victim to the trap.

I was involved in a cryptography discussion with some friends last week when this physical mail mail tender by scammers was brought out and it was kicked against of being a scam because no crypto wallet would perch on the order of synchronizing seed phrase on the process of physical presentation of a brand of wallet.

It was argued while some said if hardware wallets can be physically presented for physical storage of seed phrase where every transactions has to be confirmed and controls on same external device as the hardware wallet for a highily enhancement of security purposes, then there is every possiblities for a wallet brand to also serve you a hardware form of facilitating a wallet seed phrase at when necessary for security and privacy concerns (just as upgrading the seed phrase as the one shared on X platform on this thread).
I am sure that is a high level of ignorants.

My question on this revalidating or upgrading of wallet seed phrase is.... What will even prompt a wallet brand to request it users for such seed phrase request? Does seed phrase do have an expiring or outdating protocol what would warrant an upgrading? Does the seed phrase has a validation timeouts? That is absolutely a... Hell NO.
Instead you can only update your wallet application while your seed phrase remains unchanged as it is tied on the wallets address.

Be it sure that a wallet brand can only advice you to be strict and extremely careful and resist whichever means any message may come to you regarding the disclosure of your seed phrase and will never ask you to play any role of signing your seed phrase in aside when the network requests for it when you are facilitating to login or process a transaction.