Cosine: Beware of fake Ledger phishing attacks

Mars Finance reports that Slowmist founder Yu Xian stated that a recent "fake Ledger" scam has resurfaced, where attackers mail counterfeit Ledger devices to users with fake instruction manuals, guiding them to enter their seed phrase into a fraudulent application, resulting in asset theft. Such attack methods have been seen as early as 2021, with variants involving preset seed phrases or tampering with random number generators. Experts warn that while these physical layer phishing attacks may seem rare, they have a relatively high success rate, primarily targeting high-net-worth users.