Ledger and Trezor wallet users are reportedly being targeted in a new crypto theft campaign. According to authorities, crypto scammers have kicked their activities up a notch, ditching their previous model of targeting hardware wallet users.

According to reports, criminals are now sending users of these wallets physical letters delivered to their homes, pretending to be from Trezor and Ledger. This is done to trick them into submitting recovery phrases of their wallets, which are then used to carry out the theft. The letters claim recipients must undergo compulsory checks or transaction checks to avoid losing access to functionalities within the wallet. The scammers use this to create a sense of urgency to pressure their…