Topic: Hardware Wallet Hacked? - page 2. (Read 826 times)
The hack of Etherdelta from a few years ago was a good test for hardware wallets. I think it was back in 2017 when the DNS servers of the site were replaced and many users who logged in to the fake site got their ETH accounts emptied and tokens stolen. Even users using MetaMask reported that they got their accounts emptied. But those who logged in to the fake site with a hardware wallet were not affected because the hacker would still need physical access to the hardware devices!
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Can hardware wallets like Ledger Nano be hacked and their coins stolen?
as long as you keep your passphrase or private keys or which ever you use safe, and you don't leave it to access the internet by leaving it plugged in your computer all the time, I don't think it's possible to hack 
Ledger nano and other hardware wallet is by far the most secured and trusted one to store our coins in,as long as you keep your pass phrase with you you are safe.Other than that if someone sold you a fake ledger or a legit ledger with malware that stoles infos youre done and hacked.
There have been vulnerabilities disclosed in both of the "big 2" hardware wallets
XKCD summed it up best however:
-Dave
XKCD summed it up best however:
-Dave
Can hardware wallets like Ledger Nano be hacked and their coins stolen?
all systems still have loopholes to be hacked including hardware wallets, but hardware wallets have a smaller hacking potential than wallet softwareThe 2 factor authentication that was built in to the hardware wallet is enough giving the hacker a hard time not to mention the encryption, unlike for example MEW that can got the DNS easily hijacked in the past.
Can hardware wallets like Ledger Nano be hacked and their coins stolen?
all systems still have loopholes to be hacked including hardware wallets, but hardware wallets have a smaller hacking potential than wallet software 
In theory, it's possible everything including a hardware wallet can be hacked, but a hardware wallet is one of the safest ways to hold your coins. I have a hardware wallet, I don't fear it will be hacked, but I do worry about people somehow will find the seed words I have written down, and steal my coins that way.
It is not only in theory but it is real and can really happen, mate. A little fear sometimes is needed to make us be more alert and careful in saving it correctly. Nowadays, hackers become smarter. They always find new ways to steal crypto user assets. So, get to know everything that may be an interstice for them to steal your coins.
Can hardware wallets like Ledger Nano be hacked and their coins stolen?
There will always be theoretical vulnerabilities. One vulnerability in practice is when fake ones are sold to unsuspecting buyers giving the makers of the fake hardware wallet access to the user's private keys. In practice, it's very difficult to have your coins stolen with such a wallet.
Can hardware wallets like Ledger Nano be hacked and their coins stolen?
In theory, it's possible everything including a hardware wallet can be hacked, but a hardware wallet is one of the safest ways to hold your coins. I have a hardware wallet, I don't fear it will be hacked, but I do worry about people somehow will find the seed words I have written down, and steal my coins that way.
Can hardware wallets like Ledger Nano be hacked and their coins stolen?
In theory, it's possible everything including a hardware wallet can be hacked, but a hardware wallet is one of the safest ways to hold your coins. I have a hardware wallet, I don't fear it will be hacked, but I do worry about people somehow will find the seed words I have written down, and steal my coins that way.
i read from twitter that the hacker needs to have the physical access to the wallet to be able to spend the funds?
https://twitter.com/Trezor/status/1078625433694937088
Can hardware wallets like Ledger Nano be hacked and their coins stolen?
In theory, it's possible everything including a hardware wallet can be hacked, but a hardware wallet is one of the safest ways to hold your coins. I have a hardware wallet, I don't fear it will be hacked, but I do worry about people somehow will find the seed words I have written down, and steal my coins that way.
Everything is possible, but it most depends how you are using hardware wallet. Most popular wallets like Ledger Nano S and Trezor are really secure, but if you're not following security tips, your coins are in danger.
Less known wallets can be more dangerous. For example BitFi wallet - they claimed that this wallet is unhackable, but this wallet was hacked only few days later after these words were said.
Less known wallets can be more dangerous. For example BitFi wallet - they claimed that this wallet is unhackable, but this wallet was hacked only few days later after these words were said.
It's possible to get your coins stolen from a hardware wallet but it's unlikely to get hacked if you know how to secure your wallet.
This user from reddit made a thread on how he lost his coins after buying a wallet from a reseller. They got in to his wallet through the seeds because he didn't create his own instead he used the words given by the reseller
absolutely nothing that can't possibly be hacked we have to know how to secure, we have to know that only we who hold private keys we must be careful in every transaction This user from reddit made a thread on how he lost his coins after buying a wallet from a reseller. They got in to his wallet through the seeds because he didn't create his own instead he used the words given by the reseller
Read everything about the hacking exploit of this kid, Saleem Rashid
His official blog: https://saleemrashid.com/
[1]Breaking the Ledger Security Model
His official blog: https://saleemrashid.com/
[1]Breaking the Ledger Security Model
Can hardware wallets like Ledger Nano be hacked and their coins stolen?
maybe when the hardware wallet is connected to the computer, now I see if the hardware wallet has never heard of being hacked and it is one of the safest wallets today compared to online wallets 
It's possible to get your coins stolen from a hardware wallet but it's unlikely to get hacked if you know how to secure your wallet.
This user from reddit made a thread on how he lost his coins after buying a wallet from a reseller. They got in to his wallet through the seeds because he didn't create his own instead he used the words given by the reseller
This user from reddit made a thread on how he lost his coins after buying a wallet from a reseller. They got in to his wallet through the seeds because he didn't create his own instead he used the words given by the reseller
Can hardware wallets like Ledger Nano be hacked and their coins stolen?
As long as you secure you pass phrase and make sure not to leave it plugged-in and active in your computer all the time, your funds in your hardware wallet will be safe.
Can hardware wallets like Ledger Nano be hacked and their coins stolen?
One thing I learned in our modern, high-tech, interconnected and crypto-loving world is that anything can be possible with hackers who are genius and always two steps ahead of the game. Remember that story where hackers were able to destroy a nuclear facility of Iran...it was done cleverly using a virus just sleeping and hiding in a USB and the rest is history. Simple and effective. Hackers know that if there is a will there is a way. Let me share this very important article about the same subject:
https://www.chepicap.com/en/news/6222/trezor-one-ledger-nano-s-and-blue-get-hacked-ledger-denies-trezor-will-update-.html
This was last year and we know that hackers are always innovating to find ways to get into any platform or device as long they will connect online. The bottom line here is that we should always be careful and we should demand that our product/service providers should not be complacent in terms of security and protection.
And Nano Ledger isn't affected by it and I think it is really going to be hard to hack a hardware wallet and almost impossible.
If it comes from a legit seller not from just a random seller that could do something on the wallet before you get it.
It couldn't get hacked online or through the internet unless hacker would have it physically and operates it.
It's the advantage of using nano ledger, it's safer and hard to get hacked because you're in control of it.
I have stored my holdings in a nano ledger and keeping it in a safer place.
It's the advantage of using nano ledger, it's safer and hard to get hacked because you're in control of it.
I have stored my holdings in a nano ledger and keeping it in a safer place.
as far as hacking goes, anything can be hacked because there is no 100% secure wallet out there that can protect you without having any bugs or exploits. as for hardware wallets, they are secure and the chances of them being hacked are minimal, not to mention that the hacker has to have physical access to your hardware device which shouldn't happen in first place.
in any case when it comes to security you sometimes should worry more about the 5 dollar wrench attack.
in any case when it comes to security you sometimes should worry more about the 5 dollar wrench attack.
Jump to: