New Vulnerability Found In Ledger Hardware Wallet

Yesterday, the Monokh team reported shocking news: they managed to find a vulnerability in one of the famous hardware wallets — Ledger, which was earlier considered one of the most secure ones.

The problem concerns transactions that are not processed as expected. It occurs when using applications other than the official wallet applications, for example, if we confirm a Litecoin transaction, we sign the Bitcoin transaction instead.

This issue was reported to Ledger over a year ago on January 18, 2019. However, nothing was done. The number of errors that occurred made users wary. For example, the recent vulnerability found in the Ledger Nano X, or a data breach confirmed a couple of days ago, where more than 1 mln email addresses were stolen from more than 9,500 clients.

At the time of this writing, it became known that the company has fixed the problem and released a software update.

Image courtesy of Cryptonomist