Published On: Sat, Feb 10th, 2018

Ledger Hardware Wallets Vulnerable to ‘Man in the Middle’ Attacks

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Ledger hardware wallets, once considered one of the safer methods to store cryptocurrency, have been reported to be vulnerable to “man in the middle” attacks.
The Flaw
A team of unknown security researchers exposed a vulnerability that allegedly involves all Ledger hardware wallets. The discovery of the issue is said to have affected over one million users and has made it evident that the devices are not a foolproof method of storing crypto.
The newfound threat allows cybercriminals to show fraudulent addresses to ledger users/ customers in order to drain the user’s wallet and transfer the contents into their own wallet.
The problem was addressed by Ledger on February 3rd when the company Tweeted a report containing details of the vulnerability. The report offers preventative steps to avoid falling victim to attack but does not offer a real fix or solution.

To mitigate the man in the middle attack vector reported here (affecting all hardware wallet vendors), always verify your receive address on the device’s screen by clicking on the “monitor button”
— Ledger (@LedgerHQ) February 3, 2018

The security researchers behind the discovery reported that Ledger did …

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