Hardware Wallet News
A hardware wallet is a device where a user’s cryptocurrency wallet and private keys are stored. Cryptocurrency hardware wallets are considered to be more secure than software wallets, as they are immune to most viruses and have no need to interact with potentially-vulnerable software. There are no well-known and proven cases of funds being stolen from Bitcoin hardware wallets. However, hardware wallets for Bitcoin do not make its user invulnerable to frauds or thefts. Hardware wallets can be compromised with insecure random number generators that are often implemented into hardware wallets for security, with compromised shipping and production processes and imperfect usage of the device. Bitcoin hardware wallets are currently made by various companies such as Ledger, TREZOR and BitLox.
Another Chinese banking institution has created a hardware wallet for the country’s central bank digital currency.
Chinese bank tests biometric hardware wallet for digital yuan payments
China’s first hardware wallet for the digital yuan supports dual offline payments without an internet connection.
Hardware wallet for digital yuan debuts in Xiong’an New Area
The fake Trezor app has been downloaded by at least 1,000 people on the Android’s app store Google Play.
Trezor crypto wallet warns users of doppelgänger scam app on Google Play
With Bitcoin’s price clocking $40,000 recently, safe and secure measures for storing the valuable digital asset are once again on the agenda.
Secure Bitcoin self-custody: Balancing safety and ease of use
Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online.
Ledger data leak: A ‘simple mistake’ exposed 270K crypto wallet buyers
Ledger hardware wallet users might be in danger of physical attacks, with their addresses part of the user data dump by suspected hackers.
Doxxed Ledger users in danger of physical harm
A cybersecurity expert claimed the affected users would be targeted online and in person now that their personal information had been made public.
Ledger users threaten legal action after hacker dumps personal data