Post
Topic
Board Hardware wallets
Merits 4 from 2 users
Re: Is a ledger nano x still a safe cold storage wallet to use
by
Forsyth Jones
on 24/02/2025, 22:33:40 UTC
⭐ Merited by Pmalek (2) ,ABCbits (2)
I'd never trust Ledger.  I'm embarrassed that I ever trusted them in the first place.
Me neither.
Many people fell for their heavy advertisement and they paid good money for that promotion on youtube and social media.
Let me also add that ledger with their blind signing was one of the reasons was latest massive hack of bybit exchange.
Anyone still using closed source hardware wallet with blind signing should stop doing that asap.
From what I understood in the tweet they posted, the issue was the use of third-party software compatible with Ledger that didn't support Clear Signing.

https://x.com/Ledger/status/1893956121385165278

Ledger reinforced the use of Ledger Live which supports Clear Signing. This means there are many people interacting with tokens and smart contracts on third-party wallets connected to HW, where users are forced to use Blind Signing.

They also stated that they will take the initiative to ensure that third-party software compatible with Ledger provides support for Clear Signing.

In any case, it's recommended that all users verify what they are signing, no matter how confusing Eth and other network smart contracts may be. On BTC there are no such shitcoin complications.