Yahoo

That one bitcoin hardware wallet may not be as safe as you think

Trade BTC on Coinbase

Scott Melker discusses a report of a spy chip inside Ledger crypto devices transmitting wallet keys over mobile networks, and why no commercially sold bitcoin ( BTC-USD ) hardware wallet can be taken for granted as safe.

" The Daily Wolf with Scott Melker " airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.

Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

00:00 Speaker A

And speaking of absolutely astounding, we have a how not to invest. Hit it.

00:03 Jingle

How not to invest.

00:07 Jingle

How not to invest.

00:13 Speaker A

Yes, this is a story that I told you earlier this week, but it's important. and it is this one.

00:20 Speaker A

Ledger says spy chip inside crypto. Ledger devices transmitted wallet keys over mobile networks. Here it is.

00:26 Speaker A

I have been a huge advocate of self custody. I still believe you should find a way to be your own bank, but you cannot do it with any of the commercially sold Bitcoin hardware wallet devices. Maybe in multi-sig where you have a number of them and a single set of keys from one of these devices is not controlling your entire net worth.

00:46 Speaker A

But you cannot just buy a hardware device in crypto right now and take for granted that your assets are going to be safe. Cold wallet hot mess. AI.

00:55 Speaker A

Hot mess.

00:56 Speaker A

like this show today.

01:00 Speaker A

Said it out loud.

01:02 Speaker A

It's really it's an existential crisis. The how not to invest is not to be your own bank with a ledger device.

Mobilize your Website
View Site in Mobile | Classic
Share by: