Scammers are mailing physical letters to the owners of Ledger crypto hardware wallets asking them to validate their private seed phrases in a bid to access the wallets to clean them out.

Zack Herbert, CEO of Foundation Devices, believes this is exactly why seed phrases need to disappear entirely. His company is developing a wallet solution that uses redundant backups to eliminate ...

Ledger’s VP says Bybit hack was a $1.4 billion “wake-up call” and urges crypto industry to fix blind signing and seed phrase ...

In that event, the keys can be regenerated from the seed phrase. Otherwise, all the user's cryptocurrency managed by the wallet is gone forever. See crypto wallet. A passphrase is an extra layer ...

“The victim had unknowingly submitted their wallet seed phrase to a phishing site while attempting to check their wallet balance, after clicking on a highly-ranked search engine result,” the ...

Owners of Ledger hardware wallets have reported receiving fake physical letters designed to trick them into revealing their wallet seed phrases as part of a new wave of crypto scams. On April 29 ...

Instead, the wallet contains private keys. The private keys are attached to a secret phrase, or seed phrase, that allows you to access the cryptocurrency and authorize transactions. Anyone with ...