Ledger, the cryptocurrency wallet provider, has issued a warning to a specific group of users regarding the potential threat of scam “voucher” NFTs being sent to their accounts. These malicious NFTs contain links that are designed to deceive users into revealing their 24-word recovery phrase, putting their accounts at risk.
According to Ledger, users may receive unsolicited NFT airdrops that appear to be vouchers promising free money if redeemed on a third-party website. However, the company has emphasized that these NFT vouchers are scams and often contain links to third-party websites.
The scam works by luring users to visit third-party websites or apps, where they are then prompted to disclose their 24-word recovery phrase or sign a malicious transaction using their Ledger device. This ultimately gives the scammer access to the victims’ accounts.
To protect themselves from such scams, Ledger advises users to follow a few key steps. Firstly, it is crucial to avoid interacting with any links or websites associated with the malicious NFT. Secondly, users should refrain from sending the NFT to another account or burner address. This is because contacting the underlying smart contract of the NFT could potentially compromise the user’s account.
Lastly, Ledger recommends hiding the NFT in Ledger Live by right-clicking on it and selecting the “Hide NFT Collection” option. By taking these precautions, users can minimize the risk of falling victim to these fraudulent NFT voucher scams.
It is important for cryptocurrency users to remain vigilant and exercise caution when dealing with unsolicited NFTs or any suspicious requests for personal information. By staying informed and following best practices, users can better protect themselves from potential scams and safeguard their digital assets.
This article was originally published on U.Today