Blockchain

Ledger hits out at wallet.fail presentation

Recently uncovered vulnerabilities in Ledger’s hardware wallets are not critical, the venture has insisted in a Medium post.

It was referring to the 35th Computer Chaos Congress, which took place this week in Leipzig and where Dmitry Nedospasov, Thomas Roth and Josh Datko gave a presentation entitled wallet.fail, looking at how to break the most popular cryptocurrency hardware wallets.

“Concerning Ledger, they presented three attack paths which could give the impression that critical vulnerabilities were uncovered on Ledger devices. This is not the case,” Ledger said.

“In particular they did not succeed to extract any seed nor PIN on a stolen device. Every sensitive assets stored on the secure element remain secure. Don’t worry, your crypto assets are still secure on your Ledger device.”

Read the Medium post here.

Trezor, meanwhile, has also responded to the presentation, with the following tweet.

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.

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