Post
Topic
Board Hardware wallets
Re: Hardware Wallet Hacked?
by
xvids
on 23/05/2019, 07:41:51 UTC
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.
An interesting article how ever it is said that in the article that it could only happen if "however, that this only works if the user didn’t set a passphrase." .
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.