Hardware Wallet Hacked? - page 3. | Bitcointalksearch.org

partysaurus

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Quote from: Kongxx on May 22, 2019, 10:06:55 PM

Can hardware wallets like Ledger Nano be hacked and their coins stolen?

if someone finds our nano ledger and have some program maybe but i dont think so , atleast it cant be hacked from the internet since its not hooked up to the internet. to be honest i dont think its even possible to hack it offline.

pushups44

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Quote from: Kongxx on May 22, 2019, 10:06:55 PM

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.

killat

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Be the reason someone smiles today

As long as you don't expose the pass phrase a hardware wallet cannot be hacked. At least none has been yet hacked by an online attack.

jseverson

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Quote from: CryptoBry on May 22, 2019, 10:44:37 PM

-snip-

Hackable, yes, but it comes with an asterisk:

Quote from: https://www.chepicap.com/en/news/6222/trezor-one-ledger-nano-s-and-blue-get-hacked-ledger-denies-trezor-will-update-.html

The researchers announced during the conference, that they were able to extract the private key out of a Trezor One hardware wallet after overwriting existing data. They did point out, however, that this only works if the user didn’t set a passphrase.

To put things into the simplest terms, hardware wallets have never been hacked remotely (assuming no attacker ever got their hands on it in transit) due to the way they were designed. Things could easily change in the future, but they're currently the best we have in terms of security and ease of use. Other cold wallets are still more recommended for long term storage.

CryptoBry

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Quote from: Kongxx on May 22, 2019, 10:06:55 PM

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.

Kongxx

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Can hardware wallets like Ledger Nano be hacked and their coins stolen?

Topic: Hardware Wallet Hacked? - page 3. (Read 812 times)