French police free kidnapped Ledger executive

Post by JKCalhoun » Sat, Jan 25, 2025, 4:13 AM UTC

Uptrenda wrote: post #22

I've been thinking for a while that the current security methodology for wallets is not great. YES, that statement is extremely obvious on the face of it. But, I mean, think of some of the basic measures people take. This hardware wallet crap, okay great, your keys are kept somewhere safe and there's offline signing, but so what? Boop the users head until they give up the wallet. H4xt funds. We should be able to desi…

Post by [deleted] » Sat, Jan 25, 2025, 4:15 AM UTC

JKCalhoun wrote: post #27

m3kw9 wrote: post #23

To be fair it could happen to any rich person, it’s just crypto makes the transfer quick/easy and hard to trace if you know how to do it

You more or less just made the case for targeting crypto-rich people.

Post by kylebenzle » Sat, Jan 25, 2025, 4:16 AM UTC

xvector wrote: post #28

throw101010 wrote: post #15

Earlier quoted context omitted.

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 customer…

This isn't true at all. Ledger has not been a laughingstock of the cryptocurrency community. Their hardware wallet has survived multiple attacks that Trezor has not. It has the strongest security model and easiest to use interface of any cryptocurrency wallet intended for regular use.

Post by JKCalhoun » Sat, Jan 25, 2025, 4:16 AM UTC

lxgr wrote: post #13

pieix wrote: post #6

Earlier quoted context omitted.

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).

Post by dylan604 » Sat, Jan 25, 2025, 4:21 AM UTC

throw101010 wrote: post #15

whatsupdog wrote: post #8

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 customer…