Blockstream Warns Jade Wallet Users Amid Rising Crypto Phishing Losses

Blockstream has issued a warning to users of its Jade hardware wallet about a phishing scam involving fake emails that claim to offer fraudulent firmware updates. The company clarified that it never distributes firmware via email and urged users to only download updates from its official website or GitHub page, reassuring that no user data or funds have been compromised in this attack. These phishing attempts exploit human trust by mimicking official communications and embedding malicious links that could lead to loss of sensitive information or malware installation. The scam is part of a wider surge in crypto-related cyber fraud, with losses exceeding $3.1 billion in the first half of 2025, including significant hacks like the Orbit Bridge and Kraken thefts. Security experts highlight that phishing scams have increased sharply, with over $12 million lost in August 2025 alone, emphasizing the importance of vigilance and verifying sources before clicking on links. Blockstream continues to enhance its security measures and educates users to mitigate risks amid growing cybersecurity threats in the cryptocurrency ecosystem.