Foundation Devices Warns Users About Phishing Emails Targeting Passport Wallet Owners
(4 hours ago) · 1 source · Summarized by CryptoBipto
Foundation Devices, the maker of the Passport hardware wallet, has issued a warning about phishing emails targeting its users. The emails reportedly attempt to trick Passport wallet owners into revealing sensitive information. Foundation has clarified the situation and advised users on how to identify and avoid these scams.
WHY IT MATTERS
A hardware wallet is a physical device that stores your cryptocurrency offline, similar to keeping valuables in a safe rather than leaving them on a table. Phishing is when scammers send fake emails or messages pretending to be a trusted company, hoping you will hand over sensitive information like passwords or recovery phrases. A recovery phrase, sometimes called a seed phrase, is a set of words that gives full access to your crypto. If someone tricks you into sharing it, they can steal your funds. This story is a reminder that even users of secure hardware devices can be targeted through social engineering, which means manipulating people rather than hacking technology directly. Legitimate companies will never ask for your seed phrase or private keys via email.
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- beincrypto.com
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