I don't think have scenario about the owner will take fund for their user saving assets in trustwallet, seems impossible thing having developer want to give bad reputation for their platform have building for long term and spent much money, knowledge and actually they have spent their time.
Trustwallet most safety placed for saving assets due has own controlling with seed phrase than alternative way when saving cryptocurrency in exchange market. Don't worry about saving fund in trustwallet due not connected with any dapp exchange market and never give access approving for dusting token.
Topic: Can trustwallet be hacked. can the owners take money of all the users? - page 2. (Read 329 times)
January 05, 2023, 01:24:01 PM
January 05, 2023, 12:49:29 PM
What if the developer install malware on their new update.(lets say they make new update on 15 JAN)
Quite difficult to do due to the slightly better privacy features of newer Android and iOS operating systems. But it's definitely possible and definitely a risk.Being open sources software wont allow other users to see if its infected i believe.
Of course. Not every user can verify source code. But it only takes one or a few developers to see the bug/malicious code and publicize it to get people to stray away from the software.what of millions of people will download their app then they could take the funds of the users?
They could. Hence why a wallet being open source is very important. 
January 05, 2023, 12:47:56 PM
What if the developer install malware on their new update.(lets say they make new update on 15 JAN)
Being open sources software wont allow other users to see if its infected i believe.
what of millions of people will download their app then they could take the funds of the users?
Being open sources software wont allow other users to see if its infected i believe.
what of millions of people will download their app then they could take the funds of the users?
Well, that threat always exists, just like with any other software. A software developer might sneak some malware into an upgraded version of their software, but with open source, software will always have a bit more transparency than closed-source, since any user can see the code and check for potential issues. That means other developers and users can check the source code for any potential issues or malicious code and alert the community. That's the benefit of open source software. Not only does it allow any programmer with the ability to improve upon the source code, it also means that there are many people looking at the source code for vulnerabilities and flaws to report. There is strength in numbers, after all, and open source projects are no exception.
January 05, 2023, 12:22:30 PM
I would prefer Trezor over Ledger. Trezor is open-source and ledger is close-soruce.
Ledger Live is open source and the hardware wallet can be connected to open source wallets like Electrum, but all Ledger Nano wallet secure elements are close source which is one if the reasons to prefer Trezor. I will also prefer but use passphrase with Trezor. Ledger company also do not care about users privacy.I've also heard that it was possible to hack, with physical access to the equipment, a Trezor. But there is no record that anything ever happened to a Ledger.
Therefore, both have their advantages and disadvantages.
January 05, 2023, 11:21:46 AM
If you want security, then forget all desktop/mobile/online or hardware wallets and focus on cold storage. Of course, the whole thing boils down to the fact that you need a device that is not and will never be connected to the Internet, and a little knowledge about how to make cold storage in the correct way. It's just advice, of course you do everything at your own risk.
January 05, 2023, 10:46:24 AM
I would prefer Trezor over Ledger. Trezor is open-source and ledger is close-soruce.
Ledger Live is open source and the hardware wallet can be connected to open source wallets like Electrum, but all Ledger Nano wallet secure elements are close source which is one if the reasons to prefer Trezor. I will also prefer but use passphrase with Trezor. Ledger company also do not care about users privacy.What if the developer install malware on their new update.(lets say they make new update on 15 JAN)
Being open sources software wont allow other users to see if its infected i believe.
The website can be compromised by hackers and malware update can be released. But always verify the PGP signature of the wallet before downloading or updating it.Being open sources software wont allow other users to see if its infected i believe.
As for the developers, the vulnerability can be noticed and corrected, instead of close source wallets that no one can check their code.
January 05, 2023, 10:37:21 AM
What if the developer install malware on their new update.
and millions of people will download their app then they could take the funds of the users?
As an open source software, it is possible to verify the codes behind the platform and vulnerabilities like malwaes would be spotted.and millions of people will download their app then they could take the funds of the users?
Of course users don't always verify the code or signatures from sources where they download sensitive apps and could fall victim.
Never trust; Verify.
January 05, 2023, 10:32:34 AM
Blue wallet is 100% safe because is opened source and no vulnerability?
It's as safe as your device. If your phone is infected with malware, you can't expect your wallet to remain safe but yes, the developers of the wallet cannot access everyone's funds.
What if the developer install malware on their new update.(lets say they make new update on 15 JAN)
Being open sources software wont allow other users to see if its infected i believe.
what of millions of people will download their app then they could take the funds of the users?
January 05, 2023, 10:31:20 AM
Blue wallet is 100% safe because is opened source and no vulnerability?
Blue wallet is open-source and if it's used in the correct way, your fund would be safe. Note that if you want your wallet to be completely secure, you should generate and use your wallet on an airgapped device. Otherwise, there's always the possibility of being hacked.
What about Trezor or Ledger nano
They are good. With using a hardware wallet, you can be sure that your keys are always kept offline and your fund is safe.
I would prefer Trezor over Ledger. Trezor is open-source and ledger is close-soruce.
January 05, 2023, 10:31:15 AM
Blue wallet is 100% safe because is opened source and no vulnerability?
It's as safe as your device. If your phone is infected with malware, you can't expect your wallet to remain safe but yes, the developers of the wallet cannot access everyone's funds.
January 05, 2023, 10:26:11 AM
All the wallets you mentioned are close source and there is no way to know whether they have access to users keys or not.
Since we don't know how the keys are generated, everything is possible. It's possible that there's a vulnerability that help the hackers steal users fund.
Since we don't know how the keys are generated, everything is possible. It's possible that there's a vulnerability that help the hackers steal users fund.
Blue wallet is 100% safe because is opened source and no vulnerability?
What about Trezor or Ledger nano are they 100% safe or there is cach?
January 05, 2023, 10:17:04 AM
All the wallets you mentioned are close source and there is no way to know whether they have access to users keys or not.
Since we don't know how the keys are generated, everything is possible. It's possible that there's a vulnerability that help the hackers steal users fund.
Since we don't know how the keys are generated, everything is possible. It's possible that there's a vulnerability that help the hackers steal users fund.
January 05, 2023, 10:11:36 AM
Can trustwallet be hacked. can the owners take money of all the users?
Is it possible scanario that wallets like Trustwallet Blockchain info Exodus etc have control on the users funds?
Is it possible scanario that wallets like Trustwallet Blockchain info Exodus etc have control on the users funds?
Jump to: