> At a Glance
> – Phishers impersonate Ledger and Trezor merger after Global-e breach
> – Leaked order data personalizes convincing fake emails
> – Users told to “migrate” wallets by entering 24-word seed on spoof site
> – Why it matters: One typed recovery phrase equals total wallet drain
A January 5 breach at Ledger’s e-commerce vendor Global-e is already fueling a slick new phishing wave. Attackers blend stolen names, emails, phone numbers and order specifics with a bogus claim that Ledger and Trezor have merged.
How the Scam Works
The email opens with corporate cheer:
> “We are pleased to announce that after months of strategic discussions, Ledger and Trezor have finalized a merger agreement. This landmark partnership unites two industry leaders…”
Victims are then urged to “migrate” their assets by typing their 24-word recovery phrase into a look-alike site. One submission hands full wallet control to the thieves.
Fallout From the Global-e Hack

Global-e confirmed only contact and order details leaked, not private keys. Still, that data is gold for spear-phishers.
- Personalized greetings and real order numbers lower suspicion
- Fake domain mimics official branding
- No request for payment-just the recovery phrase
| Response So Far | Status |
|---|---|
| Global-e | Internal probe underway with outside cyber firm |
| Ledger | Notified regulators and law enforcement |
| Trezor | Publicly disavows the merger claim |
Ledger’s Repeat Breach History
This isn’t Ledger’s first data drama. Past incidents include:
- 2020: E-commerce breach exposed 272,000+ customer records
- Same year: Rogue Shopify worker leaked 20,000 entries
- 2023: Supply-chain attack slipped wallet-draining code into dApp library, stealing ~$600k
Public backlash after the 2020 leak spurred a class-action suit naming both Ledger and Shopify.
Key Takeaways
- Ledger and Trezor have not merged-treat any such email as fake
- Never type your 24-word seed into any website, no matter the reason
- Verify news through official Twitter/X accounts or in-app alerts
- If you entered the phrase, move funds to a new wallet immediately
Stay alert: leaked order info makes old-school typos and generic greetings disappear, raising the bar on what feels “real.”

