Post
Topic
Board Wallet software
Merits 3 from 1 user
Re: A cautionary tale about HW wallets from resellers
by
HeRetiK
on 14/01/2018, 14:24:44 UTC
⭐ Merited by achow101 (3)
I guess it was only a matter of time until such a thing would happen, sad to see the day when it actually did.


[...]

besides many are buying from ebay or online shops and in 99% of the cases it should be all good

[...]

I still wouldn't want to take the risk of the other 1% though. Or at least generate a new seed as pointed out by gentlemand.

I guess it mostly breaks down to educating people about the risks of hardware wallet resellers and on how to alleviate it. It seems like crypto is one of the few areas where a healthy dose of paranoia absolutely pays off.



Okey that’s hard. I was also thinking about buying a hw wallet from ebay. Not thinking about such a scam. So the only possible way is to buy the wallet from a trusted supplier or reseller. Maybe this kind of scam will grow in the future.

That's the problem though. When it comes to hardware wallets the only trusted suppliers are the hardware wallet producers themselves. I'm sure whoever supplied the reseller was also "trusted" at one point.