Daily Archives: 06/08/2020

Vulnerability found in Ledger wallet leading to write-off of BTC instead of altcoins

Liquality developer Mohammed Nokhbeh has discovered a vulnerability in the Ledger hardware wallet that leads to the withdrawal of bitcoins instead of altcoins. The developers presented a report that described how the attack works. The attacker creates an imaginary transaction with any altcoins, during which bitcoins are debited from users. For example, a trader may have the impression that he is sending 0.01 LTC, but in fact 0.01 BTC will be sent from his wallet.…

Hacks, laws, manipulations. Why is it dangerous to keep bitcoin on the exchange

1. Hacking The main risk for any exchange user is a successful hacker attack. Attackers can steal funds stored in the company’s wallets. In this case, she will have nothing to give clients their funds and she is likely to declare bankruptcy. To reduce the risk of losing funds due to hacking, it is safer to choose the largest exchanges. They invest more money in providing protection and create reserve funds in case of an…