Post
Topic
Board Bitcoin Discussion
Re: How safe a ledger is?
by
Mr.Smithers
on 12/02/2018, 20:28:40 UTC
Hi everyone, I just wanted to ask your perspective about having ledger. There's a lot of rumor that even brand new ledgers hacked because of it's fake seals. Checking your insights about this one.
You worried what happened to this guy? https://np.reddit.com/r/ledgerwallet/comments/7obot7/all_my_cryptocurrency_stolen/All my cryptocurrency stolen (self.ledgerwallet).
I'll add what others verified that nano ledger s is very safe. Just purchase directly from www.ledgerwallet.com or with any of them www.ledgerwallet.com/retailers
Thak you for advice, I wan't buy Ledger but I am afraid that it will broke and I will lose my money(
Don't buy to resellers on ebay, buy to ledgers main website or retailers.

I am reading in the link you provided that Ledger CEO and CTO officially took care of that matter and are helping that poor guy file the complaint to the police. He knows who sold him the Ledger so chances are very high the police will be able to track down who was the scammer (if it was a seller, or some other middleman) and hopefully get the money back to the poor guy.

The lesson learnt is to always buy it from the official source. It comes sealed and you can be sure it was not tampered with.
You see, the small money you may save buying it from some fishy source may be not worth the risk of loosing ALL your crypto holdings!

That's why I'm really impressed on what the officials of Ledger company did to make their reputation remain and they are not associated with any person who wants to hack or scam their customers. The problem came along with the buyer who is not aware that the ledger he bought isn't sealed and keys are already generated and he isn't aware that the reseller has fooled him that those words was already copied by him.

The real problem may be when a hack of your ledger is much more subtle than the 24 words which are pre-generated. For instance, it may come with a replaced malevolent firmware which would generate the predefined sequence of 24 word seeds, although you would generate them yourself and would not be aware they are predefined and the hacker knows them. Still, there is this seal that would be tampered with.

Anyway, best to buy from original manufacturer.