teoliya33 (OP)
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July 18, 2023, 10:26:38 AM |
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is the ledger can be hacked ?
if yes in which scenario?
thanks in advanced
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BD Crypto
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BTC Rocks
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July 18, 2023, 10:52:14 AM |
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is the ledger can be hacked ?
if yes in which scenario?
Including Ledger Wallet any hardware wallet can be hacked or compromised though Ledger wallets are the safest than any other crypto wallets or hardware wallets. Some of the common ways how hardware wallets(including Ledger) can be attacked: 1. Power Glitching 2. Side Channel Attack 3. Software attack 4. Phishing Link 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. I never used a ledger wallet before but shared from my little learning.
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Zaguru12
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July 18, 2023, 11:05:29 AM |
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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. I never used a ledger wallet before but shared from my little learning.
Most importantly treats your ledger as a hardware wallet or offline wallet that it is. Do not store any of these back up keys, pins, phrases or seeds online or on PC, store them on a sheet of paper or as other members have suggested on washers. Many of the reported cases of those losing their funds on ledger are through user carelessness.
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_act_
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July 18, 2023, 11:13:50 AM |
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is the ledger can be hacked ?
The phone or computer that you are using with ledger should no have malware. If it has malware, hardware wallet can resist malware than online wallets, but not all malware can hardware wallets resist. Avoid clipboard malware because it is on your phone or computer that you will copy and paste the address.
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satscraper
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July 18, 2023, 11:24:08 AM |
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is the ledger can be hacked ?
if yes in which scenario?
thanks in advanced
Most possible scenarios that target ledger wallet can be found in the following official ANSSI docs: https://www.ssi.gouv.fr/uploads/2019/10/anssi-cible-cspn-2019_12en.pdfhttps://www.ssi.gouv.fr/uploads/2019/02/anssi-cible-cspn-2019_03en.pdfwhich describe threats and relevant countermeasures implemented in both X and s models of devices. Despite that those docs are vast in their analysis they lack the latest scenario that may occur with Ledger's decision to share user's SEED phrase with 3 rd parties. More on that you can find when reading dedicated forum's thread.
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Eureka_07
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July 18, 2023, 11:49:57 AM |
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is the ledger can be hacked ?
if yes in which scenario?
thanks in advanced
Malware poses a significant risk to your Ledger, including Trojans and ransomware. If your Ledger gets infected with a Trojan virus, it can steal your seed. On the other hand, if it gets infected with ransomware, you may lose access to your seeds. Attackers will demand a ransom to restore access, or you may be unable to recover them. Always remember to back up your seeds. To prevent malware infections, be cautious while browsing online. Enable security features like two-factor authentication and keep your anti-virus software up to date for better protection.
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UchihaSarada
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July 18, 2023, 11:56:25 AM |
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Malware poses a significant risk to your Ledger, including Trojans and ransomware. If your Ledger gets infected with a Trojan virus, it can steal your seed. On the other hand, if it gets infected with ransomware, you may lose access to your seeds. Attackers will demand a ransom to restore access, or you may be unable to recover them. Always remember to back up your seeds.
To prevent malware infections, be cautious while browsing online. Enable security features like two-factor authentication and keep your anti-virus software up to date for better protection.
What wallet you use, it is important to have good Internet habit. Do it healthy and carefully, our devices will be clean and we are safe, our bitcoin will be safe as well. And don't buy used (second hand) Legder wallets. If you can not buy a complete new Ledger wallet, you can find alternative with free non custodial wallets and you can set up multisig wallets or cold wallets. It is safer than buying a second hand hardware wallet and use it with fear that you will lose your bitcoin.
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aysg76
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July 18, 2023, 12:30:27 PM |
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There have been some instances in the past where ledger has suffered some hacks but it's because of the people who give their seed phrases to others which drained their funds or say data leak from third party companies that exposed users mails causing these funds loss but still it was good option for hardware wallet except some model which have battery issues or others but if you have gone through this thread Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities have made them loose business as they are sharing keys with others which totally vanish the concept of your keys. So this has lead to disappointment among users of the wallets and they are now turning more to Trezor because of this but if you are asking for direct hacks then it was not the case but somehow data leaks have caused this issue.
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Doan9269
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July 18, 2023, 12:46:42 PM |
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is the ledger can be hacked ?
if yes in which scenario?
Ledger wallet was one of the top most used hardware wallet before some vulnerability was discovered on it for less security safety which means, there could be any chances of getting attacked through the use of malware on the device you're using when handling a ledger hardware wallet, some of these attacking vulnerabilities makes it more disastrous to use them and people detect this privacy bridge of third party as a means to introduce any harm to thebuse of this same wallet, there are other more secured hardware wallets aside ledger, or maybe you make use of an electrum cold storage wallet on an airgapped device or run a full node.
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Coyster
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July 18, 2023, 01:23:08 PM |
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is the ledger can be hacked ?
It is difficult to hack a hardware wallet because it stores keys offline, that's not to say that you can't be hacked if you use a hardware wallet, but it'd have to be as a result of your own folly, or if you buy one that has been tampered with. Let's say you receive a phishing email that deceives you to enter your recovery phrase, if you fall for it, the attackers will steal your assets, and a hardware wallet cannot save you in that situation. Hardware wallets can also be hacked if the physical device is stolen, but in that case if you have a strong password and passphrase you should be able to move your assets to a new wallet with your recovery phrase before any harm can possibly be done. Having said that, Ledger is a bad choice of a hardware wallet, your recovery phrase should be kept by just you, but Ledger in their new update have made it known that they can extract it and send it to third parties all in the name of spurious security; thus you had better choose another hardware wallet if you have intentions of buying one.
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tabas
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July 18, 2023, 02:31:37 PM |
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If you're the usual internet user and aware of what you're downloading, there's nothing to worry about. If you're the type of person that do likes to download crack version of software, and easily attracted to unsolicited links. That's the time that you have to worry. All system can be hacked and that's why Ledger keeps on updating their software and firmware. But that doesn't mean you should be confident because most of the users that have been hacked is because of their own fault and negligence.
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ImThour
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July 18, 2023, 03:15:36 PM |
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So there are various types of hacks which we are talking about and if you already have malware in your system where you connect the ledger to, then there is basically no use of hardware wallet. It will surely manipulate the address when you try to send Bitcoin or any other crypto-asset or If you copy your wallet address to send it to someone, it will also be replaced.
Other than that, If you are talking about attacks on Ledger itself, there are some of those possible however you would be pretty much fine if you don't allow third person to touch your device.
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cheezcarls
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July 18, 2023, 03:22:09 PM |
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I do have one but an old model. However, it's genuine and 100% working as of now. I never opted to use their Ledger Recover feature which doesn't define them anymore as a 100% offline and non-custodial type of wallet. Although it is optional but I would never opt for it anyway. I've kept some of my most important assets there like Bitcoin, Ethereum, etc. It can be hacked once I am careless of inputting my seed phrases to a 3rd party website or app despite that it is generated by a hardware wallet.
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dkbit98
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July 18, 2023, 07:09:51 PM |
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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!
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Aikidoka
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July 18, 2023, 07:36:24 PM |
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The Ledger hardware wallet may no longer be considered safe due to a recent firmware update that could potentially lead to data leaks. I think Its more advisable to consider using an alternative hardware wallet, such as Trezor, or even opting for an air-gapped device.
I want to add that even with Ledger or any other hardware wallet, there are still security risks if you store your seed phrase online or if someone gains physical access to it. In addition to that phishing links can also pose a hacking threat.
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jrrsparkles
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July 19, 2023, 04:38:16 AM |
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Data leaks only compromises the privacy not the security of our funds since the private keys are generated and stored in the local storage alone not in the online servers which means the funds will be safe as long as the private keys are safe. About their recovery service which is highly risky, we are giving away our private keys to stored in their servers in the encrypted form but it doesn't ensures 100% security like our own custody. Anyway its optional so whoever pays money and requires that service are vulnerable to it not everyone who own ledger.
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mk4
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July 19, 2023, 04:41:27 AM |
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Just a heads up that while the Ledger recovery service thing is definitely worrisome, these data leaks doesn't credit nor discredit Ledger hardware wallets' security. These data leaks are in the Shopify(eCommerce arm) side of things.
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Faisal2202
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July 19, 2023, 05:54:55 AM |
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Anything is hackable even the NASA is hackable then what is Ledger in front of it. hehe. Just kidding. but i mean the statement of anything is hackable because let's say you have a ledge Hardware wallet, which you wanted to update but you downloaded the latest version from a wrong website (or i would say from the hacker's website) then your ledger will be hacked. Or if you are connecting your ledger with a website, platform or any computer which has backdoor integrated by hackers. Then your ledge will be compromised too. Overall, until you will not allow hacker to get into your system, either it is down by intentions or unintentional but in both scenario Hackers will find a way to get into your ledger. So, best practice is to remain active and be aware of all the currently on going flaws, backdoors, hacks and scams in the market. Because once you knew those scams then you will be able to avoid from them. Just like a latest case recorded here in which OP opened his wallets after quite some time and did not catch with the latest information that the old version of Electrum had phishing links which will show messages to you to upgrade your Electrum by using their provided link and once you will do that your assets are gone. (that's quite sad because that person got scammed with 600 ponds i think) ( Source . The point is, you have to keep an eye on all the news related to ledger and have to remain up-to-date with all the versions and information and what to do and what not to do points so that you could be able to save your assets and avoid hacking of your ledger too.
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Despairo
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July 19, 2023, 06:02:07 AM |
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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.
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