Pundit Sends Strong Warning to XRP Holders. Here’s why

A new scam targeting cryptocurrency users has surfaced, disguised as an official communication from Ledger, one of the world’s leading hardware wallet providers.

Jungle Inc (@jungleincxrp), a well-known figure in the XRP community and a prominent crypto content creator, was among the first to raise the alarm after sharing an image of the fake letter on X.

The Scammer’s Approach

The letter, which appears professional and includes Ledger’s logo, a Paris address, and a formal sign-off from a supposed company executive, claims to introduce a new mandatory feature called “Transaction Check.” It instructs users to scan a QR code to activate the feature by October 31, 2025.

At first glance, the letter looks legitimate, listing known devices and referencing security updates and compliance requirements. However, scanning the QR code redirects users to a fraudulent website designed to steal sensitive information and compromise wallet security.

The scam’s sophistication has caught the attention of the wider crypto community. By copying Ledger’s official style and incorporating detailed text about “global cryptocurrency regulations” and “enhanced transaction verification,” the perpetrators made the letter difficult to distinguish from genuine correspondence.

Malicious actors often target hardware wallet users due to the significant assets they store offline. This attempt was designed to exploit user trust in Ledger’s reputation for safety, preying on those who might rush to comply with what appears to be an official security update.

Potential Impact on Users and Investor Caution

The warning has been particularly relevant for XRP investors, many of whom use hardware wallets for long-term storage. One XRP holder recently lost $3 million from a cold wallet, and the fake notice’s professional tone and specific deadlines were clearly designed to pressure recipients into taking immediate action and causing a similar loss of funds.

Incidents like this highlight that even the best hardware security cannot defend against human error. Scams relying on deception remain among the most effective methods for stealing digital assets.

Staying Secure in a Targeted Environment

Ledger has consistently stated that it does not send physical letters or require QR code scans for any form of activation. Official communications are always conducted through Ledger Live or verified digital channels.

As the cryptocurrency ecosystem evolves, scams have become more polished and convincing. Jungle Inc’s post serves as a timely reminder that caution remains essential, especially for those managing high-value assets such as XRP.