Post
Topic
Board Beginners & Help
Re: Electrum Wallet drained after login
by
Cricktor
on 12/01/2025, 13:45:06 UTC
This here was "only" ~<redacted>% of my BTC holdings. ... In fact, I'm am thinking about buying a Ledger, can they still be recommended without hesitation?
Try to avoid disclosing how much coins you might have. It's not needed to do it here.

Ledger crap is closed-source firmware where nobody knows what's going on. For years Ledger's marketing fools kept spinning the mantra "your private keys or seed can't leave the device". Guess what they've implemented in their firmware for their stupid Seed Recovery subscription service? The firmware of currently supported Ledger hardware crap has code to allow the (encrypted) extraction of your wallet's seed secret to Ledger Live and from there to multiple involved companies that Ledger chose for their Seed Recovery service! This is bonkers, to say the least!

To the folks who say, you don't have to use and pay this recovery service, you're safe, I would reply and emphasize that the code to extract your Ledger's seed is in the firmware. It's kind of a backdoor and because the firmware is closed-source, you can't inspect if and how it's implemented properly and safely.

YMMV, but I would choose a hardware wallet that has reproducible and open-source firmware and accompanying wallet software.

As I'm a shitcoin minimalist, I've chosen a BitBox02 for myself. I would be fine with a Trezor Safe 5 or (better) a Foundation Devices Passport 2 or their newest device isn't bad either. A Krux wallet is nice too, and purchasing the hardware for it doesn't leave a trace associated with crypto coins.