Post
Topic
Board Altcoin Discussion
Re: Is Hardware wallet really secure enough?
by
Tash
on 19/02/2020, 04:04:38 UTC
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?
This could be very very rare case in cryptocurrency. Hardware wallet is always safe than any other wallet. Or I think this could be misunderstood or fake news. Don't need to worry, they have very strong security to protect wallet. But I can't suggest to anyone to hate this hardware wallet.
It is just a misunderstanding.
Please see below medium article to know that there is no victim of hacking in Trezor within 15 minutes.
https://medium.com/the-capital/trezor-hardware-wallet-hacked-in-15-min-and-75-e3c23ced166
This is about how they have found a way to extract seed phrases from Trezor One and Trezor Model T hardware crypto wallets.
It is stated that it only requires 15 minutes of physical access to do the method.

Please take note of the word "Physical access" - means that as long as your Trezor is in safe hands, your wallet is safe. No matter what the hacker does, even if they tried to follow this method, there is no slightest possibility to succeed if they don't have physical access to your Trezor.

Trezor or Ledger (funds gone) both have been compromised.

Here have full physical access to the proper hardware wallet. As long as password is 7 or more character you want gain access no matter what.