All Ledger hardware wallets vulnerable to man in the middle attack [source: hackread]

08 Feb 2018

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Ledger hardware wallet that is currently operating in the cryptocurrency market is vulnerable to cyber attacks. The vulnerability was identified by unknown security researchers in every single hardware wallet that allows cybercriminals to show fraudulent addresses to Ledger users/customers. When funds are requested to these addresses, the cryptocurrency is transferred to the attacker’s wallet instead of the user. Needless to say that the user will end up losing their funds.

Hardware wallets are usually considered the safest option for storing cryptocurrency but the one million users who have been affected by the newly identified threat to Ledger’s hardware wallets makes it evident that even these cannot offer foolproof protection.

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