CZ Shares Security Alert After Ledger Discord Hack Exposed User Data

14-06-2025
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Changpeng Zhao (CZ), founder and former CEO of Binance, shared a security alert after receiving messages related to the hack of Ledger’s Discord admin account, in which the scammer falsely claimed a security vulnerability and urged users to enter their recovery phrase on a phishing website.

Zhao highlighted two important lessons: the need to never share private key recovery phrases, regardless of who is asking, and the inherent vulnerabilities of social media accounts associated with crypto companies. The message from Ledger’s Community Manager confirmed a newly discovered vulnerability that may have exposed sensitive user data, including shipping details and recovery phrases. Users are encouraged to verify their recovery phrase through the official verification page and follow specific steps to protect their accounts and potentially receive compensation if their data is compromised.