And no one is immune from database hacking,” he says.
LEDGER LIVE MULTIPLE ACCOUNTS SOFTWARE
“Hardware wallets are in demand precisely because of security and the inability to access third-party users ' data, but there is still a high risk of software bugs. “I recommend selecting hardware or an online wallet for storing cryptocurrencies based on your specific request - like what do you want - securely store, quickly exchange, and buy certain coins? Define several specific goals and choose the best wallet option for each one,” says Max Krupyshev, CEO of Estonia-based CoinsPaid, a crypto-financial ecosystem with its own cryptocurrency wallet, including so-called hot wallet systems for businesses. “They will use phishing attacks – a fake email newsletter for example – to extract more information from you that they can then use to access your wallet,” he says, which is what Ledger has been warning on its website all week.įor now, the best way to stay safe is to use brand named cryptocurrency wallets that have been around for a while.
“Nothing is impossible,” says Prylepa, adding that he thinks the hackers did not get access to private security keys, so without that they would not yet have access to individual funds. The other concern for lay BTC investors is - if someone hacked Ledger, does it mean they could have access to my Nano S wallet? How is that even possible? It’s headaches like these that turn people off to Bitcoin, or investing in general. But in light of the latest attack, you should take further measures to protect your funds,” he says. “If you have the latest version, your funds should be secure. “If you have not updated the software for your Ledger device, you should assume that your funds are not as secure as you think,” says Bohdan Prylepa, Co-founder and CTO of Prof-it.bz, a seven year old IT company that develops web and mobile apps.
safe as they come, but there are other ways to be even safer. Another way to access and store your Bitcoin.
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