Značka: Hardware wallets

Solana wallets 'compromised and abandoned’ as users warned of scam solutions

The cryptocurrency ecosystem has been rocked by a widespread exploit targeting Solana wallets that have been ongoing since Aug. 3. Phantom and Slope, two Solana-based wallet services, initially flagged the attack on their social media platforms, alongside a host of cryptocurrency influencers, blockchain analytic and security firms and victims of the hack as it continued to unfold.A handful of commentators noted that attackers had gained access to user private keys, as transactions were signed on the chain legitimately. Ava Labs CEO and founder Emin Gun Sirer estimated that more than 7,000 wallets had been affected, a number cited by various other individuals and firms online.As investigations begin to unpack the root cause that allowed an attacker to pillage thousands of wallets, affected users are being warned not to accept help from individuals online purporting to have solutions to the hack. Heidi Chakos, the host of the YouTube channel Crypto Tips, stressed that scammers would be looking to exploit the ongoing situation:DON’T interact with ANYONE who reaches out to you with a solution to this SOLANA hack. They are scammers— Heidi (@blockchainchick) August 3, 2022Solana Status has been providing updates since the exploit began and noted that 7,767 wallets had been affected at 5 a.m. UTC on Aug. 3. Several wallets were affected across mobile and browser extensions. There’s no evidence hardware wallets have been impacted – and users are strongly encouraged to use hardware wallets. Do not reuse your seed phrase on a hardware wallet – create a new seed phrase. Wallets drained should be treated as compromised, and abandoned.— Solana Status (@SolanaStatus) August 3, 2022

Solana stressed that users move funds to cold storage and create new seed phrases, while the owners of the nearly 8,000 drained wallets were told that these should “be treated as compromised, and abandoned.”Engineers from multiple ecosystems are investigating the root cause of the incident with assistance from security firms. Users affected by the exploit are being asked to provide their compromised wallet addresses to the Solana Foundation to assist in the investigation. Cointelegraph has reached out to Solana for an updated figure of the number of wallets affected by the exploit. It is also unclear whether affected wallets will see funds recouped or refunded after the incident. 

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Ledger announces limited edition NFT-focused hardware wallet, partnership with POAP

Hardware wallet company Ledger announced on Tuesday that it would release a limited edition of a brand new hardware wallet, the Ledger Nano S Plus, with only 10,000 devices available for pre-order at $79 each. In addition to the event, Ledger announced a global partnership with Ethereum-based Proof of Attendance Protocol, or POAP.POAPs are referred to as digital memories of nonfungible tokens, or NFTs, as they show proof of engagement and attendance for key moments. In January, Ethereum’s co-founder Vitalik Buterin highlighted the potential importance of making NFTs soulbound to enable proof of achievement. “Securing and protecting your digital memories, like the POAP you can collect with your Ledger Nano S Plus, is a must for anyone building their lifelong collection,” said Lucas Verra, CEO of POAP. The Genesis Edition of the Ledger Nano S Plus will feature a special engraving. Each package will also include a card redeemable for a Genesis POAP NFT, allowing users to carry proof of this exclusive hardware wallet in their digital wallets as well. POAP will also be minting special edition NFTs for Ledger events in the future. Ian Rogers, Ledger’s chief experience officer, gave the following remarks regarding the development:”This partnership with POAP and launch of the Ledger Nano S Plus Genesis Edition at an affordable price marks the acknowledgment that digital assets will only increase as a tool for life experiences, and we want to bring millions more into Web3 securely; as it happens.”The Ledger Nano S Plus is the first hardware wallet Ledger has released since the debut of the Ledger Nano X in 2019. The firm says it has sold over 4.5 million Ledger Nano hardware wallets and nearly 20% of the world’s digital assets secured by Ledger devices. The Nano S Plus supports every type of digital asset, from over 5,500 coins and tokens to NFTs.

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Coinbase announces support for hardware wallets, starting with Ledger

Major exchange Coinbase has announced it will begin to supporting crypto hardware wallets, starting with Ledger. The two companies made the announcement at the Ledger Open conference, which is taking place in Paris on Dec 9 and 10. Ledger is a major supplier of cold hardware wallets, which store users’ private keys more securely than hot online wallets. Users of the Coinbase Wallet browser extension will be able to connect their Ledger hardware wallets, maintaining self-custody and full controlover their assets. The partnership will be rolled out in phases, starting in the first quarter of 2022. Further down the track, the Coinbase mobile app will also support Ledger hardware wallets. Max Branzburg, VP of Product at Coinbase said: “we’re excited to share more announcements on how we’re making Coinbase Wallet the safest and most secure way to participate in Web3 over the coming months.”Coinbase stores 12% of all cryptoMeanwhile, Coinbase CFO Alesia Haas made some big statements in her testimony to the U.S. House Committee on Financial Services on Dec 8. She claimed that Coinbase stores about 12% of all crypto across more than 150 asset types and said crypto was moving beyond simple coin swaps. “Nearly 50% of our transacting customers are doing something other than buying and selling crypto, which indicates to us that crypto is moving beyond its initial investment phase into the long expected utility phase,” she said.Related: Why hardware wallets might not offer as much protection as you think, explainedCoinbase claims to have over 73 million customers globally, including 10,000 institutions and 185,000 application developers.

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