Crypto Avenue

Hardware wallet hacks put crypto owners at risk

Hardware wallet hacks put crypto owners at risk

Two more hardware wallet companies, Foundation and Keystone, have been hacked, exposing customer data. According to the companies, the crypto stored on their devices wasn't affected, but that doesn't mean there is no risk.

In Foundation's case, attackers managed to access parts of its infrastructure and send emails from the company's real email addresses. At Keystone, nearly 26,000 customer records were reportedly exposed, including names, addresses, and order details. The company also found that attackers had obtained a key used to verify device authenticity, forcing it to destroy more than 18,800 wallets in its inventory.

And this isn't the first time we've seen security issues involving hardware wallet companies. Ledger, Coldcard, and Trezor have also faced security incidents and data leaks.

My opinion is that this is becoming a serious problem for the hardware wallet industry. Even if hackers can't directly access your crypto, knowing your identity and home address could make you a target for physical attacks, including the so-called wrench attacks that we've been seeing more frequently recently.

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kasra_mp
kasra_mp

Crypto and tech enthusiast. Into free/open software, privacy and decentralized, self-governed platforms.


Crypto Avenue
Crypto Avenue

My blog focuses on providing up-to-date news and insights on the world of cryptocurrencies. I cover a range of topics including the latest developments in the industry, the differences between various cryptocurrencies, and which currencies are worth investing in. I strive to provide accurate and detailed information that is accessible to both beginners and experienced investors.

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