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New Mail Phishing Wave Targets Ledger and Trezor Users With QR Codes

Past breaches exposing customer addresses are fueling targeted mailings that mimic official setup pages.

Overview

  • Security researcher Dmitry Smilyanets reported receiving a Trezor‑branded letter on February 13 featuring a hologram, a QR code, and an urgent deadline for an “Authentication Check.”
  • Scanning the QR code routes victims to convincing look‑alike sites that ask for wallet recovery phrases, which let attackers import accounts and steal funds.
  • One letter falsely labeled Trezor CEO Matěj Žák as “Ledger CEO,” and a mailing was reported as postmarked from Pennsylvania.
  • Ledger and Trezor stress that legitimate providers never request seed phrases through email, websites, phone calls, or physical mail.
  • The campaign leverages earlier data leaks, including Trezor’s January 2024 incident exposing nearly 66,000 contacts, and follows prior mail and app‑based scams dating back to 2021.