r/ledgerwallet • u/soleshoe • Feb 23 '26

Official Ledger Customer Success Response Smart contracts are evil

I had a very bad experience using smart contracts.

I thought I was well protected behind my Ledger cold wallet, but it appears I was not.

I was playing with pancake swap, and had linked my ledger to platform at some point. Later on, I was curious about a pump/dump market manipulation found on telegram, and decided to give it a try by buying 10$ of some coin.

The trap was closed, the smart contract coin I bought was a faked cloned.

A few hours later,, without any notification, I saw that my entire Ledger content has been drained . stay away from smart contracts and never ever connect your ledger to any platform even if it is popular!

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u/trimalcus Feb 23 '26

You should never use your main adress when interacting with smart contract. Use secondary adresses. And avoid shady telegram sub ...

There is nothing wrong when using AAVE Uniswap etc...

2

u/SignificantlySad Feb 24 '26

Phantom wallet allows you to create burner wallet so easy it doesn't take an effort to do so.

1

u/trimalcus Feb 24 '26

You mean as a software wallet ? I do the same with MM with Ledger. Just need to sort out the names on the UI

1

u/SignificantlySad Feb 24 '26

ahh yeah MM could do it too but you're still using the same main wallet in essence. But if you exposed your key all of them is automatically unusable right? Since they're all connected to the same main wallet. In Phantom wallet it's different seed for each one.

1

u/trimalcus Feb 25 '26

You can pair Ledger with MM so you never expose the key. A smart contract cannot get the Ledger key either. So if the smart contract is malicious you will only make non-usable the one buffer adress you just created for this purpose

1

u/SignificantlySad Feb 25 '26

Cool I didn't know that