Post
Topic
Board Development & Technical Discussion
Merits 5 from 2 users
Topic OP
Hardware wallets still aren't secure, and they never will be. Use paper wallets
by
Chris!
on 04/07/2019, 21:20:00 UTC
⭐ Merited by dbshck (4) ,ETFbitcoin (1)
Quote
An attacker with a stolen device can extract the seed from the device. It takes less than 5 minutes and the necessary materials cost around 100$. This vulnerability affects Trezor One, Trezor T, Keepkey and all other Trezor clones. Unfortunately, this vulnerability cannot be patched and, for this reason, we decided not to give technical details about the attack to mitigate a possible exploitation in the field. However SatoshiLabs and Keepkey suggested users to either exclude physical attacks from their threat model, or to use a passphrase.

https://ledger-donjon.github.io/Unfixable-Key-Extraction-Attack-on-Trezor

Yet another hardware wallet issue folks, this time though, it's unpatchable. If you're using a hardware wallet, encrypt it. If you don't have a hardware wallet, use an offline generated private key/seed (aka "paper wallet"). Be your own bank. Stop trusting hardware wallet manufactures to protect your money.