Warning Issued on Latest Counterfeit Ledger Device Scam

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 3 days ago

S+0.048%

XNO+5.578%

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Counterfeit Device Warning: A Brazilian security researcher has alerted users on Reddit that the Ledger Nano S Plus they purchased was a sophisticated counterfeit designed to steal funds, highlighting the increasing sophistication of scammers.
Significant User Losses: Earlier this month, over 50 victims were tricked into revealing their seed phrases through a fake Ledger Live app, resulting in a total loss of $9.5 million, underscoring the widespread and dangerous nature of these scams.
Identifying Counterfeit Devices: The researcher discovered that the counterfeit device failed the genuine check when connected to the authentic Ledger Live app, revealing tampered hardware and firmware, which indicates malicious intent from the scammers.
Safety Recommendations: The researcher advises users to only download Ledger Live from ledger.com and emphasizes that if a device fails the genuine check, it should be immediately discontinued to safeguard personal assets.

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Technical Analysis for S

Technical Sentiment Analysis for Sonic (prev. FTM) (S). As of , Sonic (prev. FTM) (S) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 5 indicators are flashing buy, while 0 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for S stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, S is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Sonic (prev. FTM) (S) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0311	0.0355	0.0392	0.0436	0.0473	0.0517	0.0554
Fibonacci	0.0355	0.0386	0.0405	0.0436	0.0467	0.0486	0.0517

About S

Sonic is the highest-performing EVM L1, combining speed, incentives, and world-class infrastructure, powering the next generation of DeFi applications. The chain provides 10,000 TPS and sub-second finality.Sonic's Fee Monetization (FeeM) program rewards developers with up to 90% of the fees their apps generate, adapting the Web2 ad-revenue model to a decentralized framework. Developers now directly profit from their app's traffic and user engagement.Furthermore, the Sonic Gateway provides developers and users with seamless access to vast liquidity through a native, secure bridge connected to Ethereum. With a unique fail-safe mechanism, it ensures your assets are protected in all circumstances.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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