Fraudulent Ledger Chrome Scam May Have Stolen up to $2.5 Million in Crypto

Fraudulent Ledger Chrome Scam May Have Stolen up to $2.5 Million in Crypto

A fraudulent Ledger Chrome extension scam may have stolen up to $2.5 million in cryptocurrency. 

As previously reported by CryptoGlobe, the fake browser extension masquerades as an official add-on for cryptocurrency hardware wallet manufacturer Ledger. Users are asked to input their 24-word seed, which allows scammers access to the wallet’s contents. 

Ledger published a warning to users earlier in the month to avoid the unofficial application,

A new report by FinanceMagnates claims the application may have stolen up to $2.5 million in cryptocurrency from unsuspecting victims. The report cites Reddit user u/leannekera detailing their experience with the fraudulent application after losing 14,889 XRP ($2500). 

The post reads, 

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I have watched our xrp transfer from our account to an account that is currently holding over $2.5 million in xrp. This is clearly a large operation.

The Reddit user provided wallet addresses to their account and the scammer, which show more than 15.3 million XRP ($2.5 million). 

While the fake extension was removed from the Chrome Web Store, u/leannekera claims to have seen it re-uploaded. 

Researchers at XRPlorer Forensics estimated that a version of the Ledger scam had stolen more than 200K XRP in March alone. 

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