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Author Topic: is the ledger can be hackable ?  (Read 214 times)
Husires
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July 19, 2023, 10:44:29 AM
 #21

1. Power Glitching
2. Side Channel Attack
To prevent from being hacked user have to create a strong password with upper case and lowercase characters and to add another layer protection have to add pin code. Also secret phrases should have a safest backup.

The attacks you mentioned require physical access to your hardware wallet, and some time based on the experience of the hackers, so whenever you lose access to your wallet, you must quickly transfer your money.

3. Software attack
4. Phishing Link attack
To avoid these attacks, all that is required of you is to be more careful, do not click randomly on links, and you must use an open source operating system.

Their reputation is bad because those data leaks and months ago they announced their Ledger Recovery Service which causes more fear about data leak on user wallet seed.
Data leakage is not related to the customer's money or the security of the wallet, it is to the customer's privacy, which is basically not the goal of these wallets.



@teoliya33  The Ledger problem is that you need to update the firmware, and the latest update contains the Ledger Recovery service that encrypts and accesses your private key, which may mean that third parties may be able to access your currencies and that they are not generated offline.
This may cause future problems but for now you can use Keystone 3, Coldcard or DIY HW.

https://bitcointalk.org/index.php?topic=5452900.0

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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July 19, 2023, 10:47:43 AM
 #22

~snip~
So in summary, ledger is hackable.

And not just Ledger, but most other HWs that operate on the same principle, and especially if they start acting like Ledger in a rather strange and irresponsible way. In fact, for years since the massive data leak from this company happened, trust has been lost, and if you do not have confidence in someone or something, it becomes completely irrelevant whether something can be hacked or not.

I will not say that there are no HW that do not have really high standards at the moment, but I think that in the future we should refrain from recommendations when it comes to such devices. A properly made airgapped wallet is something I would still put in the first place when it comes to safe storage of private keys.

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July 22, 2023, 01:23:30 AM
 #23

I think many users are confuse between hack and attack.

Phishing, malware, keylogger, spyware or anything that caused by the user fault, isn't hacking, but these are online attack.

While hack mean the user didn't do any fault, they have make sure they're not do anything wrong, but someone access their wallet. Since ledger send the encrypted private key to other partners, this mean if someone can break the encrypted file, they can access your wallet even you're didn't do anything wrong.

So in summary, ledger is hackable.

This means that no human effort is the most perfect. Even though after creating the most sophisticated security system, there are still gaps for hacker to enter and break into it. Yes. There are 2 sensations that they get there. Satisfied and get money.
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July 22, 2023, 03:38:21 PM
 #24

is the ledger can be hacked ?

if yes in which scenario?
Ledger has been hacked already from the inside.
They are closed source device and they recently announced controversial Recovery function that makes it very unsecure, since your seed phrase is not only yours but they shared it with different company partners.
On top of that, they got personal customer data leaked and this information was released in public several times, so they don't know how to secure user data very well.
Stay away from ledger wallet and choose other open source devices!
It depends on what is meant by Ledger. If we are talking about a company, then you correctly said that this company was hacked with the theft of personal data of their customers. If by Ledger we mean their hardware wallet, then no, these devices have not been hacked by hackers at the moment. Enthusiasts and the bounty programm participants previously found ledger wallet vulnerabilities, but these vulnerabilities have already been fixed in new firmwares.

I guess any device can be hacked. It's just a matter of time and resources. Ledger including.

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