Snail Mail Scam Targets Trezor and Ledger Users

• Physical letters and QR codes boost scam credibility, bypassing email filters easily.
• Fake security checks using Trezor and Ledger branding lure users to share recovery phrases.
• Attackers gain full wallet control once recovery phrases are entered on cloned setup sites.

Criminal groups have launched a new wave of cryptocurrency scams by sending physical letters to hardware wallet owners. The letters impersonate trusted brands and pressure recipients to act quickly. Instead of email phishing, attackers now rely on printed mail and QR codes. 

Consequently, victims may trust the message because it arrives in a formal envelope. Security researchers warn that this tactic increases credibility and lowers suspicion. The campaign primarily targets users of Trezor and Ledger devices.

Fraudulent “Authentication” and “Transaction” Checks

The letters claim users m…

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