CZ: “Social Media Is the Biggest Loophole in Crypto Security!”

Jakarta, Pintu News – On Monday, Ledger’s Discord server fell victim to an unusual phishing scam. An attacker used a compromised admin account to send out a fake security alert, claiming a vulnerability in Ledger’s systems.

The message states that delivery details, transaction history, and even 24-word recovery phrases may have been exposed.

Check out the full information below!

Lessons from the Ledger Incident

The attack capitalizes on users’ trust in official admins and moderation. By posing as verification portals, phishing sites attempt to lure users into entering their wallet recovery phrases. This goes to show that no matter how secure the product is, small mistakes on social media can lead to big losses.

This case is a reminder that phishing attacks are not only happening, but also getting more sophisticated. Scammers continue to look for loopholes in digital interactions, especially on platforms where crypto users congregate such as Discord, Telegram, and X.

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Why is this event important?

If one has been in the crypto space for a while, scam scenarios like this may be a common sight. However, what makes this attack dangerous is its resemblance to an official alert.

Even savvy users can get caught out if the warning appears to come from an official Discord mod or admin. CZ, in his tweet, emphasized the importance of keeping private key recovery phrases. This is a valuable lesson in keeping digital assets safe. Trust, while important, can be a weak point in crypto security.

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Prevention and Awareness Measures

It is important to always be vigilant and not click on links hastily, especially when there are indications of panic. This incident is not a hack of the Ledger system, but rather a reminder that the human side of crypto is often the most vulnerable.

CZ recommends never giving out private key recovery phrases, no matter who asks. This is a security standard that every crypto user should uphold to protect their assets from unscrupulous hands.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. CZ: Social Media Accounts Are Crypto’s Weakest Security Link. Accessed on May 14, 2025
• Featured Image: Generated by AI