Ledger is not secure! Discussing wallet user leak
Hardware wallets, in the opinion of the overwhelming majority, are the safest way to store your own cryptocurrency. And this is true, hardware solutions are highly reliable and secure, however, there are nuances everywhere. In the case of hardware wallets, we are talking about the digital imperfection of even popular storages. For example, Ledger, a company known for making secure and reliable wallets, announced that their solutions were unsafe. Ledger said their vaults have a serious digital vulnerability. The latter led to a user data leak. Next, we’ll show you what to do for Ledger wallet owners to save their own funds. Let’s get started.
A little background
First, the background to the problem should be discussed. Thus, we will understand what led to vulnerability and how to respond to the situation. First, it should be noted that the problem was not discovered by the Ledger developers, but by third-party programmers. The company held another Bounty campaign, during which programmers from all over the world were invited to analyze the project for any shortcomings. In return, a reward was promised. One of the developers found a weakness in the site, thanks to which hackers can gain access to user details. Note that the developer found the vulnerability much earlier than the data leak occurred.
For some unknown reason, Ledger did not immediately diagnose the problem and decided to tackle it. The system’s databases were hacked using a third-party connection. But, note that the vulnerability is deactivated at the current time. Such hacks will not happen again. However, an event such as hacking a digital wallet will definitely not go unnoticed. Next, we will talk about the most likely consequences of this trouble. But first, let’s look at what kind of information fell into the hands of the attackers.
What did the Ledger crackers get?
Don’t worry, the data for money transfers as well as for financial management is not affected. Such confidential information is maximally protected, and hackers could not get access to such data. From the leaked information, you can select the email addresses of the service users. Also, phone numbers and names of Ledger clients fell into the hands of dishonest programmers. The information received also includes a database containing information about which products of the company you use. This is actually a big problem. The point is, if Ledger has shown its weakness, it attracts many new crackers and hackers.
And now the chances are good that hackers will assess which Ledger products are most popular and move on to disassemble the product. So we strongly recommend that you update your passwords and, possibly, withdraw your savings to third-party, more reliable resources. The last precaution is needed only for those who are very afraid for their own capital.
It is very important to keep track of all the innovations of the project being used in time. Understanding the up-to-date features of the tool you are using can help you save money and avoid unexpected hacks like the Ledger. But now there is no need to check the news feeds of dozens of projects. After all, all current events from the cryptoindustry are regularly published in our news feed. Follow all digital asset and technology trends with us. We publish only high-quality and interesting material. Thanks for your attention. Good luck!
