Ledger’s decision to introduce a third party to your wallet seed phrase created an exploit that could appeal to both governments and hackers.
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Category: Seed Phrases
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Ledger Faces Backlash for Controversial Backup Tool as Crypto Community Expresses Discontent
Hardware wallet maker Ledger is facing significant backlash for its recent introduction of a tool enabling users to back up their seed phrases through the transmission of encrypted key fragments to third-party firms. The crypto community has not embraced this new feature, with numerous digital currency users venting their frustration on social media platforms. Ledger’s […]Powered by WPeMatico
Hackers Are Cloning Web3 Wallets Like Metamask and Coinbase Wallet to Steal Crypto
Confiant, an advertising security agency, has found a cluster of malicious activity involving distributed wallet apps, allowing hackers to steal private seeds and acquire the funds of users via backdoored imposter wallets. The apps are distributed via cloning of legitimate sites, giving the appearance that the user is downloading an original app. Malicious Cluster Targets […]Powered by WPeMatico
Solana integrates Web3Auth to lower DApp barrier-to-entry
Web3Auth’s technological infrastructure has already been implemented by the likes of Binance Chain, Ubisoft and Rarible across an array of Web3 projects.
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