MultiversX Tracker is Live!

Seed phrases should never be exposed on the internet, especially hardware wallet seeds

All Cryptocurrencies

by COINS NEWS 117 Views

The purpose of a hardware wallet is to safely store your seed phrase.

If the seed phrase never leaves your hardware wallet, your funds are safu (as long you have not interacted with some malicious smart contract with that wallet).

Once the seed phrase got exposed to the internet, it cannot be considered safe anymore!

With the recent "update" on the Ledger Nano X, this product is a complete failure and isn't a hardware wallet anymore in my opinion.

All Ledger users shall stand up, protest...this way, the manufacter will revert this "update". Only if all of us are loud and tell them what's wrong, they will change their opinion.

Let's hope the other hardware wallet producers dont follow these guys over at Ledger...really bad decision, their repution has gone from 90 to 0 for me (90 instead of 100, because of all the previous data leak scandals).

submitted by /u/derika22
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments