With the revelation of Pegasus does that mean phone wallets can be compromised so easily?
Not blaming BTC but the security of android as a host system, is so weak?
I know people only carry chump change in them..but in 3rd worlds nations such a El Salvador .. isn't the whole circular economy project based on phone wallets.
Even before Pegasus has been created keeping big amounts of your assets on mobile gadgets has always been really too risky. There are too many apps in your mobile phone that have such an opportunity to steal your data. Of course it depends on the exact gadget, some percentage of wallets like mobile apps have some level of protection, even you may have the 2FA, but nevertheless still it is a really too risky, because if not hacked but you may just lose your phone or it may be broken, and your assets may be lost as well. The best way to keep safely your assets is via cold wallets. Nowadays it is the strongest guarantee. And of course remember about simple rules - be conscious and do not open strange links or whatever you are not sure that it may be safety. And everything will be OK.