Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Update: Crypto Hardware Wallet Ledger Responds to New Security Report From Kraken

by Daily Hodl Staff
July 9, 2020
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Update: Ledger CTO Charles Guillemet has issued a response to the report from Kraken, which you can view in its entirety below.

“We are grateful to the Kraken team for bringing this vulnerability to our attention. While we have addressed this issue at length on Ledger, we want to assure our users that funds stored on their Ledger Nano X could never be accessed, since the Ledger Nano X’s security relies on the Secure Element – not on the MCU chip. The issue could allow an attacker who intercepted the device during the supply chain to install malware on the user’s PC, though the funds would still be safe. While there are various measures that must be met in order to pull this minor vulnerability off, it’s extremely unlikely that this kind of attack would be performed successfully. Considering the issue has been fixed with the latest Nano X firmware update, there has been no loss of funds or no user falling victim to this vulnerability. We will always prioritize our customers’ security as we work to improve the ecosystem.”

Crypto exchange Kraken is warning users of a potential security risk linked to Ledger Nano X hardware wallets that affects products that have been tampered with during shipment or bought from malicious resellers.

The Nano X, which was released just last year, allows users to store their Bitcoin and crypto. It is Ledger’s only rechargeable wallet that can connect to the Ledger Live Mobile app via Bluetooth.

According to Kraken’s cybersecurity division, the supply chain attacks give malicious actors access to computers connected to the wallet and allow them to install malware.

“The firmware of the non-secure processor is modified using a debugging protocol to act as an input device, like a keyboard, that can then send malicious keystrokes to the user’s host computer…

Alternatively, the infected Nano X could have executed malware on the victim’s machine. Neither the Ledger Nano X device nor the Ledger Live software application display indication of tampering and identify the device as genuine.”

Although Kraken says this “might result in the loss or theft of funds stored”, Ledger says there is zero chance that funds can be accessed.

Ledger also tells users that the issue is physical and does not concern attacks that can be done remotely. It  further assures that its popular hardware wallet, the Ledger Nano S, is not affected and that funds remain safe.

“Even if you’d be using the previous firmware version (1.2.4-1), they’d still not have access to any critical data like your recovery phrase, private keys, PIN, apps and other sensitive data.

Since there are a lot of parameters that must be met in order to pull this vulnerability off – after which it still relies on tricking someone through social engineering, it’s extremely unlikely that this kind of attack would be performed successfully.”



Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/BeeBright

Submit a Press Release

Crypto Livewire – Press Releases

  • How Traders Are Gaining by Holding Crypto: Staking Tron (TRX) and Cardano (ADA)
    January 21, 2021
  • QuiverX to Integrate Chainlink Proof of Reserve To Power Transparent, Decentralized Crowdfunding
    January 15, 2021
  • The Online Family Office and High Net Worth Blockchain Conference
    December 22, 2020
  • How Blockchain Empowers Wuhan’s Digital Economy Growth – World Blockchain Conference
    December 14, 2020
  • SnapEx Adds LINK, BNB and TRX Alongside Sign-Up Bonus on a Sleek New App
    December 11, 2020
Submit a Guest Post
Bitcoin
$32,124.00
$32,124.00
0.73%
Ethereum
$1,242.84
$1,242.84
1.11%
XRP
$0.271941
$0.271941
0.33%
Litecoin
$139.17
$139.17
0.79%
Bitcoin Cash
$428.24
$428.24
2.7%

Spotlight

  • IMF Urges Governments To Spend As Much Money As They Can To Support Sputtering Economies
    January 18, 2021
  • Second Airdrop Coming to XRP Holders – Here’s the Latest on YieldFlare
    January 22, 2021
  • Electronics Giant Mitsubishi Building Blockchain Platform To Power Peer-to-Peer Energy Trading
    January 19, 2021
  • Here’s How Bitcoin Could Go to $1 Million, According to Morgan Creek Digital’s Anthony Pompliano
    January 23, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2020 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.