A new phishing scam is targeting digital asset holders with Ledger hardware wallets—and it’s an old-school but effective method: physical mail.

Users are reporting receiving letters in the mail that appear to be from Ledger, the popular hardware wallet provider.

The letters claim to be from the company’s security team and ask users to do a “critical security update” by scanning a QR code and entering their 24-word recovery phrase.

Ledger Wallet’s team and cybersecurity experts say this is obviously a scam—and a bad one.

“Ledger will never ask for your 24-word recovery phrase. If someone does, it’s a scam,” the company said in response to the scam…

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