A 15-year-old researcher, Saleem Rashid, found a flaw in the French hardware wallet Ledger Nano S. Anyone who owns cryptocurrency knows the importance of keeping their private keys secure. Phone and computer-based wallets are vulnerable to device and software hacking.
Other than keeping your currency at an insecure exchange, there are two solutions. Use a more secure hardware wallet which is usually a USB stick. The main providers are Trezor and Ledger. Or print your keys onto paper and hide the paper somewhere secure. The latter is regarded as the most secure and inconvenient.
With hardware wallets, when the USB is connected to your computer, it does not reveal the private keys to the machine. Rashid outlines three typical kinds of attack:
- remote attacks (via malware on your computer)
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
