Changpeng Zhao (CZ), founder and former CEO of Binance, shared a security warning after receiving a message regarding a hack of Ledger’s Discord admin account, where a scammer falsely claimed a security flaw and urged users to enter their recovery phrases on a phishing site. Zhao highlighted two critical lessons: the necessity of never sharing private key recovery phrases, regardless of the requester, and the inherent vulnerabilities of social media accounts linked to cryptocurrency companies. The message from Ledger’s Community Manager confirmed a recently discovered vulnerability that may have exposed sensitive user data, including shipping details and recovery phrases. Users were urged to verify their recovery phrases through an official verification page and follow specific steps to secure their accounts and potentially receive compensation if their data was compromised.

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