Ledger Wallet Vulnerability Affects Users

Ledger confirmed that its hardware wallet vendors were under attack and recommended users to verify their receive addresses on their devices' screens
05 February 2018   857

According to the report published on DocDroid on February 3, 2018, the vulnerability that affected all the hardware devices was discovered in Ledger Wallet. The issue might lead to users losing their funds.

The malware can reportedly replace the code responsible for generating the receive address with its own address, causing all future deposits to be sent to the attacker. Moreover, it is ompossible for the user of the wallet to verify the integrity of the receive address. The users of the wallet were recommended to always verify their receive address on the device's screen by clicking the "monitor button".

Ledger Nano S Firmware Update to Improve Security

According to official blog, new firmare solve a lot of issues
17 April 2018   103

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.