Plus Wallet Leads in Safety While Phishing Scam Hits Ledger and DEXX Compensates Breach Victims
The post Plus Wallet Leads in Safety While Phishing Scam Hits Ledger and DEXX Compensates Breach Victims appeared on BitcoinEthereumNews.com.
This week, crypto wallet security has become a major focus as new attacks surface and users recover from past breaches. The latest threat involves a phishing scam that targets users with fake emails from Ledger Wallet, tricking them into revealing their recovery phrases through a fraudulent website. Meanwhile, DEXX rolled out a compensation plan earlier this month after a security breach resulted in the loss of over $21 million in Solana funds for users. In this climate, Plus Wallet has gained popularity as one of the safest crypto wallets today, storing private keys on local devices for maximum security. The wallet also offers valuable benefits like unlimited rewards and cross-chain support, helping users stay ahead in the market. Phishing Scam Impersonates Ledger Wallet Recent Ledger Wallet news shows a new phishing attempt that targets cryptocurrency users by spoofing emails from Ledger Wallet. The emails falsely claim a data breach and urge recipients to verify their recovery phrases. These emails link to a fake website that resembles Ledger’s official site, prompting users to enter their 24-word recovery phrase. Ledger Wallet warns users to never share their recovery phrases via email or any remote channel. This attempt follows a recent crypto security case where a user lost $2.5 million in Bitcoin and NFTs despite never sharing their seed phrase online. Crypto Wallet Security: Lessons from the DEXX Breach Earlier this month, DEXX issued a compensation plan for users following its security breach in November 2024, which resulted in the draining of over $21 million worth of Solana funds. The breach exposed critical vulnerabilities in the crypto wallet’s security setup, including the improper storage of private keys on the platform’s servers. This incident highlights the importance of storing private keys on local devices, where only the user can access them, rather than relying…
Filed under: News - @ December 22, 2024 12:19 am