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Would this happen if his wallet was a hardware wallet like a ledger or trezor?
by kinnth 4y ago
Would this happen if his wallet was a hardware wallet like a ledger or trezor?
- tromp 4y ago999,999 times out of a million, the answer is no. the 1 time out of a million is when an attacker manages to intercept the hardware wallet being shipped to the victim and tamper with it.
- paulpauper 4y agoread Reddit. way more people being hacked than 1/1,000,000 . Having malware that changes the destination address for example.
- rewtraw 4y agoThat's not the hardware wallet being exploited though, it targets the user's computer. Verifying the address on the screen of a hardware wallet during confirmation would reveal the mismatch. But most HW wallets have tiny screens that make users apathetic to validating tx data.
- yifanl 4y agoIt might be a bit presumptious, but wouldn't there be a point where the friction in user interface reduces the security of the system?
- ChrisClark 4y agoProbably not, he was storing his bitcoin private key on a low cost server, that regularly got hacked, as recently as a month ago. And he kept using it.