Hardware Wallet Hacked?

[Kongxx]

Can hardware wallets like Ledger Nano be hacked and their coins stolen?

[1714712313]

1714712313

[CryptoBry]

Can hardware wallets like Ledger Nano be hacked and their coins stolen?

One thing I learned in our modern, high-tech, interconnected and crypto-loving world is that anything can be possible with hackers who are genius and always two steps ahead of the game. Remember that story where hackers were able to destroy a nuclear facility of Iran...it was done cleverly using a virus just sleeping and hiding in a USB and the rest is history. Simple and effective. Hackers know that if there is a will there is a way. Let me share this very important article about the same subject:

https://www.chepicap.com/en/news/6222/trezor-one-ledger-nano-s-and-blue-get-hacked-ledger-denies-trezor-will-update-.html

This was last year and we know that hackers are always innovating to find ways to get into any platform or device as long they will connect online. The bottom line here is that we should always be careful and we should demand that our product/service providers should not be complacent in terms of security and protection.

[jseverson]

-snip-

Hackable, yes, but it comes with an asterisk:

The researchers announced during the conference, that they were able to extract the private key out of a Trezor One hardware wallet after overwriting existing data. They did point out, however, that this only works if the user didn’t set a passphrase.

To put things into the simplest terms, hardware wallets have never been hacked remotely (assuming no attacker ever got their hands on it in transit) due to the way they were designed. Things could easily change in the future, but they're currently the best we have in terms of security and ease of use. Other cold wallets are still more recommended for long term storage.

[killat]

As long as you don't expose the pass phrase a hardware wallet cannot be hacked. At least none has been yet hacked by an online attack.

[pushups44]

Can hardware wallets like Ledger Nano be hacked and their coins stolen?

There will always be theoretical vulnerabilities. One vulnerability in practice is when fake ones are sold to unsuspecting buyers giving the makers of the fake hardware wallet access to the user's private keys. In practice, it's very difficult to have your coins stolen with such a wallet.

[partysaurus]

Can hardware wallets like Ledger Nano be hacked and their coins stolen?

if someone finds our nano ledger and have some program maybe but i dont think so , atleast it cant be hacked from the internet since its not hooked up to the internet. to be honest i dont think its even possible to hack it offline.

[BitcoinHodler]

as far as hacking goes, anything can be hacked because there is no 100% secure wallet out there that can protect you without having any bugs or exploits. as for hardware wallets, they are secure and the chances of them being hacked are minimal, not to mention that the hacker has to have physical access to your hardware device which shouldn't happen in first place.

in any case when it comes to security you sometimes should worry more about the 5 dollar wrench attack.

[Genemind]

It couldn't get hacked online or through the internet unless hacker would have it physically and operates it.
It's the advantage of using nano ledger, it's safer and hard to get hacked because you're in control of it.
I have stored my holdings in a nano ledger and keeping it in a safer place.

[xvids]

Can hardware wallets like Ledger Nano be hacked and their coins stolen?

One thing I learned in our modern, high-tech, interconnected and crypto-loving world is that anything can be possible with hackers who are genius and always two steps ahead of the game. Remember that story where hackers were able to destroy a nuclear facility of Iran...it was done cleverly using a virus just sleeping and hiding in a USB and the rest is history. Simple and effective. Hackers know that if there is a will there is a way. Let me share this very important article about the same subject:

https://www.chepicap.com/en/news/6222/trezor-one-ledger-nano-s-and-blue-get-hacked-ledger-denies-trezor-will-update-.html

This was last year and we know that hackers are always innovating to find ways to get into any platform or device as long they will connect online. The bottom line here is that we should always be careful and we should demand that our product/service providers should not be complacent in terms of security and protection.

An interesting article how ever it is said that in the article that it could only happen if "however, that this only works if the user didn’t set a passphrase." .
And Nano Ledger isn't affected by it and I think it is really going to be hard to hack a hardware wallet and almost impossible.
If it comes from a legit seller not from just a random seller that could do something on the wallet before you get it.

[Ailmand]

Can hardware wallets like Ledger Nano be hacked and their coins stolen?

As long as you secure you pass phrase and make sure not to leave it plugged-in and active in your computer all the time, your funds in your hardware wallet will be safe.

[ralle14]

It's possible to get your coins stolen from a hardware wallet but it's unlikely to get hacked if you know how to secure your wallet.
This user from reddit made a thread on how he lost his coins after buying a wallet from a reseller. They got in to his wallet through the seeds because he didn't create his own instead he used the words given by the reseller

[Pom_bensin]

Can hardware wallets like Ledger Nano be hacked and their coins stolen?

maybe when the hardware wallet is connected to the computer, now I see if the hardware wallet has never heard of being hacked and it is one of the safest wallets today compared to online wallets

[Jating]

Read everything about the hacking exploit of this kid, Saleem Rashid

His official blog: https://saleemrashid.com/

[1]Breaking the Ledger Security Model

[haidil]

It's possible to get your coins stolen from a hardware wallet but it's unlikely to get hacked if you know how to secure your wallet.
This user from reddit made a thread on how he lost his coins after buying a wallet from a reseller. They got in to his wallet through the seeds because he didn't create his own instead he used the words given by the reseller

absolutely nothing that can't possibly be hacked we have to know how to secure, we have to know that only we who hold private keys we must be careful in every transaction

[LTU_btc]

Everything is possible, but it most depends how you are using hardware wallet. Most popular wallets like Ledger Nano S and Trezor are really secure, but if you're not following security tips, your coins are in danger.
Less known wallets can be more dangerous. For example BitFi wallet - they claimed that this wallet is unhackable, but this wallet was hacked only few days later after these words were said.

[cryptjh]

Can hardware wallets like Ledger Nano be hacked and their coins stolen?

In theory, it's possible everything including a hardware wallet can be hacked, but a hardware wallet is one of the safest ways to hold your coins. I  have a hardware wallet, I don't fear it will be hacked, but I do worry about people somehow will find the seed words I have written down, and steal my coins that way.

[feryjhie]

Can hardware wallets like Ledger Nano be hacked and their coins stolen?

In theory, it's possible everything including a hardware wallet can be hacked, but a hardware wallet is one of the safest ways to hold your coins. I  have a hardware wallet, I don't fear it will be hacked, but I do worry about people somehow will find the seed words I have written down, and steal my coins that way.

i read from twitter that the hacker needs to have the physical access to the wallet to be able to spend the funds?
https://twitter.com/Trezor/status/1078625433694937088

[DoublerHunter]

Can hardware wallets like Ledger Nano be hacked and their coins stolen?

In theory, it's possible everything including a hardware wallet can be hacked, but a hardware wallet is one of the safest ways to hold your coins. I  have a hardware wallet, I don't fear it will be hacked, but I do worry about people somehow will find the seed words I have written down, and steal my coins that way.

Yes, it can be hacked if you are not responsible to keep your private key and password, everything of the gadgets uses has to engage online and having an internet connection then you are prone in hacking. Having a clean PC will help you to avoid the phishing site.  For example that may lead you from hacking example malware virus which is entire

[creeps]

Can hardware wallets like Ledger Nano be hacked and their coins stolen?

There will always be theoretical vulnerabilities. One vulnerability in practice is when fake ones are sold to unsuspecting buyers giving the makers of the fake hardware wallet access to the user's private keys. In practice, it's very difficult to have your coins stolen with such a wallet.

That’s why its advisable to reboot your new hardware wallet and generate new phrases to make sure you’re on a safe place. Yes, its safe as long as you keep it private and put the keys into your treasure box. I’ll soon experience to use a hardwallet and I’m confident that it will be a safe wallet for me. Go buy to the real seller and have your piece of mind with that Ledger.

[kawetsriyanto]

In theory, it's possible everything including a hardware wallet can be hacked, but a hardware wallet is one of the safest ways to hold your coins. I  have a hardware wallet, I don't fear it will be hacked, but I do worry about people somehow will find the seed words I have written down, and steal my coins that way.

It is not only in theory but it is real and can really happen, mate. A little fear sometimes is needed to make us be more alert and careful in saving it correctly. Nowadays, hackers become smarter. They always find new ways to steal crypto user assets. So, get to know everything that may be an interstice for them to steal your coins.