Ledger releases a security update for its wallet

The new version addresses a “man-in-the-middle” type of attack
07 February 2018   1073

Ledger Wallet Bitcoin Chrome application has been recently updated to include a new security feature - verification of the reception address directly on a hardware device. This patch fixes a specific issue that has gained weight among the community.

A malware has been recently announced that is potentially capable of infecting the Ledger Chrome application along with the whole user’s system. Thus, theoretically the attacker could replace the ‘receive’ address displayed on the screen of the application on the infected system with the attacker’s address. This type of an attack is called “man-in-the-middle”.

Now the users can easily verify the received address on their device. Additionally, Eric Larcheveque, CEO of Ledger, explained the 3 important steps the company is making in terms of improving the security: software updates, upgraded Bug Bounty program and prevention by working on developing resources and materials to help users to better understand the threats.

Security is an arms race. We’re in it for the long haul and are prepared for it. At Ledger, we take our mission seriously and that mission is to protect you

 

Eric Larcheveque

Ledger CEO

Reddit users were mainly puzzled with the update:

u/cryptogalaxy said “I just saw the email and I'm not sure I understand. They no longer display your receiving address on the computer but instead only display it on your device so you can no longer copy paste your address? That could cause typing errors when you want to transfer from an exchange to your wallet as you have to manually type out the whole address each time. Did I misunderstand or is this their so called "upgrade"?”

u/adavidmiller said “I don't get it, didn't you always have to confirm the receiving address manually on the ledger itself?”

u/advanceb said “If I have a ledger nano S how do I update this? Do I still keep the same private keys etc?”

u/Niros1 said “Does this issue also relevant for MEW? Does MEW generate the addresses with JS?”

Ledger Nano S Firmware Update to Improve Security

According to official blog, new firmare solve a lot of issues
17 April 2018   111

The manufacturer of popular hardware cryptowallets Ledger has released a new version of the software (v. 1.4.2) for Nano S devices.

We are continuously working to improve the security of Ledger devices. As our business grows, we will accelerate our work identifying opportunities to improve the security of our services and products.
 

Ledger Team

 According to the team, these are main improvements

  • Improving user pin security
  • Improving recovery phrase security
  • Getting rid of confusing error messages
  • Improving application checks

This month, many users of Ledger's crypto-currency wallets faced difficulties in accessing their Bitcoin Cash assets.

Ledger developers are preparing to launch new native applications for desktop and mobile versions that will gather cryptocurrencies in one space and will not rely on Google Chrome or Chromium.