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Monday, August 21, 2017

Are Hardware Wallets Really Safe?

Are Hardware Wallets Really Safe?


The solid reputation of hardware wallets as a secure and safe storage for digital currencies was put into question when a recent report as of mid-August 2017 claimed that Trezor, one of the most popular wallets, was successfully infiltrated by hackers.

Based on the report, Trezor devices are allegedly vulnerable to fairly simple hacks that allowed the theft or identification of private keys from said devices.

In its official blog, Trezor admitted the incident and explained how the attack worked. The company said that the seed for the private key was saved in flash memory and was relocated to the device’s random access memory (RAM) during use.

Someone who has access to the device and the firmware could have been able to extract the seed from the RAM.


Full story at http://bit.ly/2wf7hEl


Source: CoinTelegraph


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