Ledger, a prominent cryptocurrency wallet provider, has alerted its users to a novel scam technique dubbed "address-poisoning". This scam involves fraudsters sending unsolicited coins or NFTs to users' wallets, creating a false transaction history that appears in Ledger Live. The ultimate goal is to deceive users into copying the scammer's wallet address and using it to send funds, rather than the intended recipient's address.

The scam relies on tricking users into initiating a transaction and signing it with their Ledger, allowing the scammers to steal funds. However, it is crucial to note that the scammers cannot access the wallet or steal funds without the user's explicit action. To safeguard against this scam, Ledger's support team advises users to disregard the malicious transaction and associated wallet. Additionally, users should avoid interacting with suspicious tokens or NFTs sent by scammers.

To prevent accidental interaction with the scam wallet, Ledger's team suggests selecting the suspicious token or NFT and choosing the "Hide Token/NFT Collection" option. This simple step can help users avoid sending transactions to the scam wallet. By staying vigilant and following these guidelines, users can protect their cryptocurrency assets from potential theft.

Ledger's warning serves as a reminder for users to remain cautious when dealing with unsolicited transactions or tokens. The address-poisoning scam highlights the importance of verifying the authenticity of transactions and tokens before taking any action. By staying informed and taking necessary precautions, users can ensure the security of their cryptocurrency assets.

In conclusion, Ledger's alert about the address-poisoning scam is a timely reminder for users to be vigilant when managing their cryptocurrency assets. By understanding the tactics employed by scammers and following best practices, users can protect their wallets and prevent potential losses. Ledger's commitment to user security and education demonstrates its dedication to providing a safe and reliable cryptocurrency management experience.