Is Hardware wallet really secure enough? - page 6.

btc_angela

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Quote from: Kemarit on February 10, 2020, 05:30:02 PM

Quote from: Tduty on February 10, 2020, 08:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

You can read official response here.

(https://blog.trezor.io/our-response-to-the-read-protection-downgrade-attack-28d23f8949c6)

So they acknowledge the hacked, however, for us more mortals, it will be very hard to perform that exploit, as you need to have special skills to really break the hardware wallet, so it's not that easy as it sound. So for me it is still 100% safe.

Correct, you can read from their response that you need to see the conditions before the hackers can exploit the system. Then you have to the skills or specialised hardware to get inside and perform the exploit. And for those who wanted to buy Trezor, go for the official site and not just from some websites so that you will stay safe.

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Quote from: Kemarit on February 10, 2020, 05:30:02 PM

Quote from: Tduty on February 10, 2020, 08:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

You can read official response here.

(https://blog.trezor.io/our-response-to-the-read-protection-downgrade-attack-28d23f8949c6)

So they acknowledge the hacked, however, for us more mortals, it will be very hard to perform that exploit, as you need to have special skills to really break the hardware wallet, so it's not that easy as it sound. So for me it is still 100% safe.

Hardwallet is still secured especially when you’re the only knows about it. Its security is good it just happen that hackers are so genius and know where to start, maybe he saw that hardwallet before. Since trezor acknowledge the hacking incident, I hope that they will increase more their security on the wallet and make it more impossible to hack it unless the owners made a big mistake and expose their keys.

Kemarit

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Quote from: Tduty on February 10, 2020, 08:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

You can read official response here.

(https://blog.trezor.io/our-response-to-the-read-protection-downgrade-attack-28d23f8949c6)

So they acknowledge the hacked, however, for us more mortals, it will be very hard to perform that exploit, as you need to have special skills to really break the hardware wallet, so it's not that easy as it sound. So for me it is still 100% safe.

shinratensei_

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Quote from: Tduty on February 10, 2020, 08:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in the hardware wallet?

The security flaws will always there but this is my first time to see there is a flaw in my trezor wallet one series. I have stored for a few years in my trezor wallet and nothing happen and all gone very smooth until kraken was reveal. Maybe you are missing some sentences here just like this

Quote

“It’s important to note that this attack is viable only if the Passphrase feature does not protect the device. A strong passphrase fully mitigates the possibilities of a successful attack,”

https://www.financemagnates.com/cryptocurrency/news/kraken-says-trezor-wallets-can-be-hacked-in-15-minutes/

I have my very strong passphrase anytime and i never feel worried about that. Just remember never try to put all of your money in one basket. Just activate all of the security features that already provided in your hardware wallet and that's enough to make you safe.

rdewilde

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Quote from: Tduty on February 10, 2020, 08:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

Although am yet to read the news but I still think it offers a better form of security, at least it's better than saving in exchanges. The thing is in this space, owing to its value and worth people are constantly looking for ways to hack or exploit users, holders and investors of their hard earned money. Which has lead to more hacks etc and therefore making it look like in this crypto space users funds can't be 100% secure while they really can. So I still maintain my stand, hardware wallets are secured and in the meantime will check up the news on that hacking.

hatshepsut93

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Quote from: Tduty on February 10, 2020, 08:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

It was hacked physically, and it's kinda bad, but it could have been worse, it could have been hacked remotely when you connect it to an infected computer. I'd say the most important security feature of hardware wallets still holds - isolating private keys from an untrusted environment and allowing to send transactions while connected to it. I don't think it's theoretically possible to store unencrypted key on any piece of hardware in a way that makes it impossible to retrieve this key while having full physical access.

sunsilk

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I've looked into some news if it was recent but sorry there's no such news as you have sourced out. Trezor wasn't hacked and it's one of the best hardware wallets out there. It has been trusted for a long time and I doubt it if ever someone hacks them, they'll quickly respond from that incident.

Where did you hear this news? You misunderstood it and I think before posting this kind of topic, search it first in google if there's something like this that happened recently but there's none.

leatutz

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Quote from: Tduty on February 10, 2020, 08:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

Of course this is a misunderstood or very wrong information. Especially I don't believe this types of news, hardware wallet is safe than any software wallet. Without connect how any wallet could hacked, some software wallet is also secure. Even my next plan is to store my coin in hardware wallet.

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Quote from: Tduty on February 10, 2020, 08:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

Hardware are very secure, it's the most recommended type of wallet to use. The only reason it can be hacked is when the sensitive details are been expose to the wrong hands like scammers. Hardware wallet are mostly offline at all time meaning it can't be wirelessly hacked unless when accessing you wallet you use a data network infected. They're the most secure wallet and recommended

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Quote from: jessyj48 on February 10, 2020, 11:59:22 AM

Seriously I don't feel comfortable using hardware wallet because they aren't safe from natural disaster too and you still have to keep your private key safe so paper wallet makes more sense to me than hardware wallet

You have a alternative option to keep safe your hardware wallet. Not like that for any type of damage you can't restore it. Trezor wallet hacked so easily even fifteen minutes it’s a rumours or not i don’t know actually. This wallet safety more strong as per as a offline service provider. It's hacked or stolen in manually i mean changing hand by another well known people.

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Personally i am not a big fan of hardware wallets and the biggest point for guys like me is we can forget where we placed it and just loose all our coins in the process because loosing a hardware wallet is just too easy, someone in your home can throw it in trash or some maintenance guy can take it with him or you can simply misplace it at a too secret place which even you dont recall later, i think it is an online technology and based on software and programming so we need more secure online wallets rather than fancy hardware wallets that are easy to be stolen or misplaced.

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Quote from: Mealea on February 10, 2020, 01:23:21 PM

No matter how strong a security is, it can be tamper with at anytime . There is no 100% guarantee security. We must be careful because no perfect innovation.

And how you tamper with a metal plate wallet?

Mealea

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No matter how strong a security is, it can be tamper with at anytime . There is no 100% guarantee security. We must be careful because no perfect innovation.

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Quote from: Tduty on February 10, 2020, 08:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

I never used Trezor wallet. But I am using Ledger for a while and I am satisfied with its performance.
Nothing is %100 completely safe including hardware wallet. Don't forget that. And be always cautious.

jessyj48

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Seriously I don't feel comfortable using hardware wallet because they aren't safe from natural disaster too and you still have to keep your private key safe so paper wallet makes more sense to me than hardware wallet

suzanne5223

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Quote from: Tduty on February 10, 2020, 08:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood? I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

To my knowledge, hardware wallet are the most secure wallet not to mention Trezor which is one of the most secure wallet in the crypto sphere and i believe human error was the reason the wallet hacked in 15minutes occurred.

Quote from: Tash on February 10, 2020, 08:12:46 AM

The securest to this day is the paper wallet in a fire save vault or engraved in steel plates like:
Cryptosteel
CRYPTOTAG
Blockplate
ColdTi
Billfodl
Crypto Key Stack
Crypto Keys
Cyphersafe
Steelwallet
Simbit
Quadrat Register
Cryptosteel Capsule

The same thing applied to all secure wallets if the right precautions are not taken the wallet will be hack.

Note : the new precaution for Trezor is never let anyone physical access ones wallet and setting BIP39 passphrase

tomahawk9

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Quote from: Tduty on February 10, 2020, 08:06:05 AM

So, how can we feel 100% safe in hardware wallet?

Don't let anyone get hold of your wallet.
You sound like someone who didn't take 5 minutes to investigate the issue. Don't panic, take a deep breath and read the link @Bttzed03 posted. There is a way to prevent the wallet from getting hacked.

But if you're worried about harware wallets, set up a wallet in an air-gapped PC. If that's too much of a hassle, then just encrypt your wallet (private keys, seeds, whatever), then encrypt the device where you put your private keys on, and put it in a safe deposit box.

Bttzed03

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For those of you wondering about the source of the OP, here's one Kraken Security Labs: Hackers can exploit Trezor hardware wallets with only 15 minutes of physical access to the device

Quote from: Tduty on February 10, 2020, 08:06:05 AM

Recently I have seen the news that Trezor hardware wallet was hacked in 15 minutes! Was it true guys? Or I have misunderstood?

It's true that Trezor could be hacked and it was proven by people from Ledger and Kraken.

Quote from: Tduty on February 10, 2020, 08:06:05 AM

I thought they have very strong security that can't be breach so easily! But look at what can be happened to Trezor within 15 minutes! So, how can we feel 100% safe in hardware wallet?

They do have a strong security. In the case of Trezor, you can simply activate the BIP39 passphrase and what you are worrying about will be gone. Unfortunately, that was only made optional by Trezor, it could have been better if it was activated by default.

Quote from: NeuroticFish on February 10, 2020, 09:06:30 AM

~
Cold storage is not so difficult to use anymore for the ones with basic computer skills, but it's still underused.

I'm not sure how basic my computer skills is but this is something that I would also like to know.

zulfi125

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Hardware wallet rare chances to hack because of more secure wallets but if any body-safe seed or prases in the system or their laptop or mobile than hackers can hack their seeds or phrase and import them to another Trezor device so always keep seed or praise in manually written on paper to secure place.

pokok_work

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Yes, I do

Much safer hardware wallet, compared to storing your private key on your computer or HDD / cloud / other storage. also had time to read the news about it. but the hacker needs direct access to the hardware wallet. otherwise, it will not be able and need special equipment to retrieve the seed or private key security. so basically the hardware wallet must be kept in a safe place. during this time I use a hardware wallet no problems at all, and runs normally.

Topic: Is Hardware wallet really secure enough? - page 6. (Read 692 times)