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French police free kidnapped Ledger executive

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Re: French police free kidnapped Ledger executive

#13
post #6

Crypto will not be ready for mainstream until effective game-theoretic countermeasures for this kind of thing are built into the protocols.

This shows another of the many ways in which a having a trusted third party involved in your finances is actually a good thing.

Arguably the feature that makes kidnappings for ransom unattractive isn't necessarily traditional banks being trusted, but rather that traditional bank transfers are usually reversible (e.g. due to a court order).

Re: French police free kidnapped Ledger executive

#14

I have a significant amount of crypto and use a ledger wallet. Recently I noticed that the ledger app on my phone requires precise location access to function. It just hit me that ledger has precise locations and wallet balances of all its customers. It's just a matter of time when this information falls in the hands of organized crime. I have since then moved to another wallet and am thinking of selling my house and…

I believe Ledger already leaked customers' addresses.

https://www.bitdefender.com/en-au/blog/hotforsecurity/hacker...

Probably the most dangerous and costly data leak ever. Can't believe Ledger was able to stay in business after that.

Re: French police free kidnapped Ledger executive

#15

I have a significant amount of crypto and use a ledger wallet. Recently I noticed that the ledger app on my phone requires precise location access to function. It just hit me that ledger has precise locations and wallet balances of all its customers. It's just a matter of time when this information falls in the hands of organized crime. I have since then moved to another wallet and am thinking of selling my house and…

There are multiples alternatives to Ledger, they are the laughing stock of hardware crypto wallets since they've started their online seed backup solution... at least among power users.

Coldcard if you aren't into shitcoins, and Keepkey if you partake in them would be my choices. I would have recommended Trezor at some point but their customer data leak tainted their image for me, they've made a lot of their customers targets just because they chose to use a third party to handle customer data for marketing purpose, if you run a business this sensitive, do this in-house and apply banking standards for this data handling, seems like a no-brainer.

Re: French police free kidnapped Ledger executive

#17

I have a significant amount of crypto and use a ledger wallet. Recently I noticed that the ledger app on my phone requires precise location access to function. It just hit me that ledger has precise locations and wallet balances of all its customers. It's just a matter of time when this information falls in the hands of organized crime. I have since then moved to another wallet and am thinking of selling my house and…

> the ledger app on my phone requires precise location access to functio

Are you sure that's not just for Bluetooth access (which shows the same message, since it can indeed be used to derive somebody's location)? What business reason do they have to send users' location to their servers?

> graphene os with location disabled and always on VPN etc.

If you don't trust Ledger – how much do you trust your VPN provider? They know both your original IP and what you're doing on the Internet (or at least to which services you're connecting).

Re: French police free kidnapped Ledger executive

#19

Jfc can we not allow headlines like this? Fucking disgusting.

Pretending that crime doesn't exist won't make it go away, and getting the information out there may help someone protect themself.

One wonders if the attackers were paid anonymously in crypto-currency.

Re: French police free kidnapped Ledger executive

#20

I have a significant amount of crypto and use a ledger wallet. Recently I noticed that the ledger app on my phone requires precise location access to function. It just hit me that ledger has precise locations and wallet balances of all its customers. It's just a matter of time when this information falls in the hands of organized crime. I have since then moved to another wallet and am thinking of selling my house and…

Your bank is your home
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