Maybe off topic.. but maybe not since most use Ledger

Question

Synternet

poppzicle

Maybe off topic.. but maybe not since most use Ledger

to stake Noia
Any1 worried about these recent news?

#cryptocurrency #english #syntropy

0

18.05.2023

8 ответов

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Mick Sailor

not an immediate concern since I don't think they are suddenly going to steal everyone's private keys. But longer term I will move my crypto to a new hardware wallet provider. Maybe Trezor, but some recent FUD about them also. Any suggestions?

0

18.05.2023

Diamond Brains

Mick Sailor
not an immediate concern since I don't think they ...

Haha trezors numbers increased with 45% in sales 😂

0

18.05.2023

Cryptoray ✤ Crypto Space

tokens are secured by private keys, funds can be moved by users to another address, I think it is not a security issue if people are using Eth chain with 2 of 3 multisig, as every user should do (Vitalik does it if you want an example of "¿who the hell does that?").

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18.05.2023

Mick Sailor

Cryptoray ✤ Crypto Space
tokens are secured by private keys, funds can be m...

Ledger admitted they have the ability to extract user's private key from device via a firmware update, which also means malicious actors or rogue employee could exploit this backdoor as the code is not open source.They previously said it was impossible to extract seed phrase from a device, but now apparently it's not. What's to stop government seizing your ledger and forcing a firmware update to extract private key from the device?

0

18.05.2023

Džiugas ✤

Mick Sailor
Ledger admitted they have the ability to extract u...

Private key ≠ Master seed phrase. What I wonder (and I just haven’t dedicated enough of my time to research) if the new recovery program is only available for newly generated wallets. As then it showcases no backwards compatibility and subsequently no backdoor to private keys.

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18.05.2023

Mick Sailor

Džiugas ✤
Private key ≠ Master seed phrase. What I wonder (...

They should have come out with a new product, but the "opt-in firmware update" is available on existing Ledgers suggesting a backdoor already exists. It may be there from a previous firmware update and they just lied. Unlikely, but still possible.

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18.05.2023

Cryptoray ✤ Crypto Space

Mick Sailor
Ledger admitted they have the ability to extract u...

Light-Client Ethereum: Light clients enable more people to participate as first-class citizens, verifying data on the blockchain without relying on centralized service providers. In practice, light clients: Rely on the sync committee. Provide a degree of verifiability. Stay updated inexpensively. Direct benefits: Provides direct access to the blockchain. Supports true censorship resistance. Minimizes hardware requirements. You can use it to enable multisig 2 of 3 with your browser wallets/cold wallets, avoiding the risk of a private key leaked or hacked

0

18.05.2023

Džiugas ✤ · Accepted Answer

Džiugas ✤

Security wise not yet as nothing is live yet. However Ledger’s communication is incredibly questionable.

0

18.05.2023

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Maybe off topic.. but maybe not since most use Ledger

8 ответов

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