Ledger scams are now done through more than just digital tactics. It is now common for cybercriminals to send fake letters by mail to get access to people’s cryptocurrency information.

Recently, Mike Belshe, CEO of BitGo, revealed this phishing campaign. The main goal of fraudulent mail is to trick users of hardware wallets by looking like genuine emails from Ledger.

Key-Takeaways:

• The new strategy for ledger scams is to send fake postal mail with QR codes, hoping users will disclose their crypto keys.

• Criminals often use mail, phishing, malware and data breaches which is why knowing about security is vital.

A New Danger Comes from Using Deceptive Letters

Fraudsters involved in ledger scams now rely partly on traditional physical mail methods. They count on the idea that postal delivery is credible to encourage their victims to cooperate.

Fraudsters carefully choose USPS when sending dishonest messages. It lets criminals push dangerous content through security scans while leaning on the reliability of regular mail. Users are told in the letters to validate their wallets or their funds could disappear. These ads carry QR codes that open doors to malicious pages made to steal cryptocurrency data.

With this Ledger scam, a major change in social engineering methods has occurred. It mixes the power of traditional mail with current crypto methods in order to exploit trust in famous hardware wallets.

In addition, Troy Lindsey, a victim of the false mails, notified people on social media that the mailings are advanced schemes meant to steal their private keys and empty their crypto wallets.

https://x.com/TroyandOlga/status/1926323721435803995

The different forms of the Ledger scam demonstrate how criminals respond to more careful digital security. To remain superior over careful cryptocurrency users, they switch tactics.

A handwritten letter sometimes makes us think it’s real, while it’s actually not. Recipients are often less suspicious about this type of mail, mainly when it appears to be from reliable wallet producers. It looks like organized criminal groups are running these Ledger scam schemes. Most recently, they use phishing via mail to fool cryptocurrency users.

Attackers make the leap from offline mail to online pursuit by including QR codes on letters. At first, attackers reach the victims using the postal service and then leads them to sites that steal their passwords.

What Broader Cryptocurrency Phishing Attacks Are All About

Ledger scams belong to a larger pattern affecting the cryptocurrency industry. Some recent big cases prove that being scammed through phishing can lead to significant financial losses. In April 2025, blockchain researcher ZackXBT verified that a theft of $330 million in Bitcoin had occurred. The scammers called the elderly person, using call centers in Camden, UK.

After data breaches involving some customer service members, Coinbase revealed it was targeted by a ransom attempt. Those inside the company gave threat actors access to user information in exchange for $20 million.

Even though Coinbase denied that any account or private info was stolen, the issue points to ongoing security issues. These problems can make users a target of Ledger scams and similar phishing operations.

Phishing trends indicate that those running Ledger scams are associated with larger groups of criminals. They use several ways to attack people who keep cryptocurrencies.

Using physical mail, fake websites and leaked information, these groups multiply their attacks. For this reason, people in the crypto field must keep things secure by staying vigilant and aware.

Fake Applications and Digital Attack Ways

In addition to targeting physical mail, ledger scammers now use malware to target computers running MacOS. Such attacks involve fake Ledger Live applications to take people’s recovery phrases and drain their wallets.

The company Moonlock discovered just how serious this attack is. They found that a large number of fake Ledger Live apps were posted on approximately 2,800 hacked websites.

The main infection method in Ledger scams is the Atomic macOS Stealer. It is designed to search for passwords, notes and details of crypto wallets on infested systems.

As soon as the malware is active, it associates fake Ledger Live apps with the real ones. Such alerts pretend to be security warnings in order to get users to provide their 24-word recovery phrases.

Attackers use these digital Ledger scams and physical mail campaigns together to launch various attacks. They reach their targets using different methods and tools for communication. It is clear from phishing emails becoming advanced scams that cryptocurrency theft techniques are becoming more advanced.

Both being safe against mail scams and using best digital security practices are ways to prevent Ledger scams. They should scan their mail carefully and keep their cryptocurrency wallets safe based on what they find.

Check messages about your Ledger wallet only through its official channels. Don’t click on any links or QR codes in unsolicited mail.

Everyone in the cryptocurrency community should watch out for Ledger scams that rely on trust in popular hardware wallets through clever tricks. Users must remember that no official manufacturer will request wallet validation by sending unsolicited mail.

They will not send you recovery phrases from third parties or external apps. Knowing about potential threats helps guard you against them.

Conclusion

Those operating ledger scams now use both old and new methods to trick people into handing over their crypto. They build trust by impersonating famous hardware wallets. Cybercriminals respond to higher security by using both physical letters, dangerous software and fake programs. Hence, everyone who owns digital assets needs to focus more on security.