Nathan Simone
May 22, 2023

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Not true, it was well documented early on that Kraken and other white hat hackers have been able to exploit the Trezor wallet with enough brute force and some tricks:

https://www.coolwallet.io/kraken-hacks-trezor-in-15-minutes/

https://medium.com/@Zero404Cool/trezor-security-glitches-reveal-your-private-keys-761eeab03ff8

https://cointelegraph.com/news/engineer-hacks-trezor-wallet-recovers-2m-in-lost-crypto

While I am uncomfortable with Ledger's recovery feature as well and exploring other options for Bitcoin cold storage (ColdCard, anyone?), the hack of their customer information database from Shopify is not comparable to leaking the seed phrases from the secure elements of the hardware wallet.

This is a good Twitter thread on why most people shouldn't worry about the new Ledger service:

https://twitter.com/MintDefense/status/1658948617670123520?cxt=HHwWgIDTjc6-4oUuAAAA

Hope that helps!

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Nathan Simone
Nathan Simone

Written by Nathan Simone

Marketer | Creative | Bitcoiner 🌊⚡️⛏️

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