Ledger & Trezor’s ‘Merger’ Exposed: Phishy Waters Ahead 🎣

by

Cybercriminals, those modern-day goblins with a taste for chaos, have apparently decided to play a game of dress-up with reality. They’re now sending out phishing emails claiming that Ledger and Trezor-two companies that sell boxes of secrets-have “merged.” Because nothing says “trust me” like a fake merger announcement and a suspicious link.

This little farce follows a data breach at Ledger’s e-commerce partner, Global-e. Imagine a vault with a sticky lock and a sign that says, “I’m open for business!” The breach exposed names, emails, phone numbers, and order details. Classic. Now users are receiving emails that read like a corporate fantasy novel: “Dear valued customer, your 24-word recovery phrase is now due by Tuesday.”

“We are pleased to announce that after months of strategic discussions, Ledger and Trezor have finalized a merger agreement. This landmark partnership unites two industry leaders with a shared vision of providing the highest standard of security for digital asset management,” read the message. Because nothing says “security” like a phishing email with a suspiciously professional font.

The email then asks users to “migrate” their wallets by entering their 24-word recovery phrases on a website that looks like it was designed by a colorblind intern. The fake site is so convincing, it’s like a doppelgänger that forgot to bring its passport. Users were told to “accelerate innovation” and “protect assets,” which is just a fancy way of saying “hand over your keys to the digital kingdom.”

Global-e, the hapless partner in this saga, is now investigating the breach with all the urgency of a sloth on a coffee break. They’ve confirmed the leak was limited to contact and order info, which is reassuring if you’re not worried about identity theft. Ledger, meanwhile, has alerted data protection authorities and is cooperating with law enforcement. One wonders if they’ve also informed the Department of Obvious Answers.

A History of Data Breaches

This isn’t Ledger’s first foray into the world of “oops, we got hacked.” In 2020, attackers accessed their databases, exposing personal info like email addresses, names, and physical addresses. It was a phishing party, and everyone was invited-even the lawyers. At the time, Ledger faced criticism for its delayed disclosure, which is like showing up to a fire drill with a smoke machine.

The breach was later blamed on a rogue Shopify employee, who apparently thought leaking 20,000 customer details was a great idea for a Monday. Later that year, another 292,000 customer records were published online, because nothing says “customer trust” like a public auction of personal data.

More recently, Ledger suffered yet another incident when a wallet drainer was inserted into a library used by decentralized apps. The result? $600,000 in cryptocurrency vanished like a wizard’s hat in a thunderstorm. One might say Ledger has a talent for turning security into a spectator sport.

Read More

2026-01-07 01:56