Fraudsters and hackers are constantly developing their methods to make their tools capable of stealing encrypted digital currencies, keeping pace with the developments in the industry.

Recently, Ledger, the company specialized in the manufacture of crypto wallets, warned its customers of a new attack aimed at stealing cryptocurrencies in the form of an extension and extension on the Google Chrome browser.

in Tweet On March 5, the French company “Ledger” determined that there was a dangerous extension on the Google Chrome browser that was attempting to steal cryptocurrencies by requiring you to enter the 24-word recovery phrase.

Ledger warns

The phishing attack was reported by “Catalin Cimpanu,” a cybersecurity reporter at ZDNet.

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While the malicious chromium addition was first found by “Harry Denley,” the security manager of the MyCrypto blockchain platform.

The harmful add-on on Google Chrome is known as “Ledger Stay”.

It attempts to mimic the actual mobile and desktop software of the original Ledger Stay that enables Ledger customers and users to approve transactions by syncing their hardware wallets with a trusted tool.

The fake “Ledger Stay” extension appears to have managed to impress a number of users and has been downloaded 120 times.

ZDNet reported that the malicious add-on is trying to mislead customers by taking the same name and appearance to become almost identical to the original add-on.

Harry Denley, who first exposed the fraudulent add-on attack, mocked the malicious add-on claiming that it was unreasonable to put and use this extension with hardware wallets that aim to protect funds by storing cryptocurrencies offline.

Denley admitted he wouldn’t be surprised if this fake add-on had deceived people.

There are many people who do not take storing their private keys seriously, and many of them use a retrieval phrase and put it on the Internet.

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And it seems that the malicious add-on deceived and misled some users, especially as it used Google ads to promote and appear more.

In the warning announcement, Ledger stressed that the platform will not in any way ask its customers for the recovery phrase for customers, and urged that the 24-word phrase not be shared or entered in any Internet-related tool.

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