Crypto Blog by MonkeyBusiness

Important Ledger Live update

Important Ledger Live update

Ledger just released an important update to their desktop and mobile versions of the Ledger Live application.  If you are using a Ledger wallet, this one applies to you. 

The new update, version 2.4.1, upgrades the Ledger Bitcoin app to version 1.4.2 which resolves a vulnerability allowing an attacker to increase the transaction fees without the user noticing.

The details are described at https://support.ledger.com/hc/en-us/articles/360014191540-Massive-transaction-fees-in-BTC-and-BTC-based-apps

How could an attacker exploit this vulnerability?
The attack requires the client application to be compromised. This could be done by tricking users into installing a fake version of Ledger Live or any other wallet application. Then, when making a transaction with at least one Segwit input the user has to be tricked into making multiple transactions of which the inputs are then later combined. The attacker may then broadcast a transaction to the network with much higher transaction fees.

In addition, the update adds native segwit support to LTC and DGB.

 

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Crypto Blog by MonkeyBusiness
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