Hardware Wallets: Independent Tester Saleem Rashid Reveals Nano, Trezor Vulnerabilities
Cryptovest
Published Mar 21, 2018 08:53AM ET
Hardware Wallets: Independent Tester Saleem Rashid Reveals Nano, Trezor Vulnerabilities
Whenever a new coin or token appears, one of the first questions is whether the asset would be supported by the two leading hardware wallets - Trezor and Ledger. Bitcoin's appreciation to nearly $20,000 has made investors expect other assets to achieve a similar feat, while seeking a way to protect the potential fortune from loss.
A hardware wallet has significant security features compared to other storage options. However, the devices also have vulnerabilities, allowing several types of attacks.
The attacks and vulnerabilities of a Ledger hardware wallet were recently detailed by Saleem Rashid, a teenaged tech wiz, considered a "rock star" in the crypto community. He has been known for the Trezor SRAM exploit, and for participating in the story of unlocking about 7 BTC from a hardware wallet. Later, the knowledge on how to remove the seed from a Trezor served to increase the wallet's security.
At the moment, Saleem Rashid is becoming one of the influential voices in the crypto space, and his tweets are a source of information on hardware wallet safety.
h2 Trezor Security Update/h2Hardware wallets are continuously updating themselves whenever a bug is found. The most recent update is for Trezor, releasing a new security version:
While a hardware wallet may be a good decision for a form of cold storage, the potential for tampering means that extra security may be required at every step, by also following the latest updates on potential hacks.
This article appeared first on Cryptovest
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