Scammers posing as Ledger, a hardware wallet manufacturer, have sent physical letters to crypto users, instructing them to validate their wallets or risk losing access to their funds. The letter, which included a QR code likely linked to a malicious site, was sent through the United States Postal Service (USPS). This phishing attempt, highlighted by BitGo CEO Mike Belshe, reflects the evolving tactics used by scammers in the crypto community. The incident serves as a reminder for users to remain vigilant against such scams. Notably, in April 2025, a phishing attack resulted in the theft of $330 million in Bitcoin, while Coinbase faced its security breach where user data was leaked, leading to a ransom demand. This situation underlines the necessity for increased security measures in the cryptocurrency industry as scams and cyber attacks continue to rise.

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