Atomic Wallet asks to toss suit over $100M hack saying it has ‘no US ties’

The company behind Atomic Wallet has asked a United States court to dismiss a class action suit seeking damages from a $100 million hack arguing the claims should’ve been filed in Estonia where it's based.In a Nov. 16 dismissal motion in a Colorado District Court the Estonian firm argued i ...

Crypto wallet with zero connectivity: NGRAVE joins Cointelegraph Accelerator

Cryptocurrencies are digital-only assets that investors can delegate custody to a third party, such as an exchange, store in hot wallets, or rely on their own hardware wallets. Security concerns with online solutions and third-party risks (not your keys, not your coins) have increased the need fo ...

Recovery firm proposes cracking former Ripple CTO’s $244M Bitcoin hard drive

A company is petitioning former Ripple chief technology officer Stefan Thomas for a hard drive containing more than 7,000 Bitcoin (BTC) that he has been unable to access for years.In an Oct. 25 open letter, crypto recovery firm Unciphered offered to unlock an IronKey hard drive belonging t ...

How to Build Your Own DIY Cryptocurrency Hardware Wallet: A Guide for Enthusiasts

Cryptocurrency enthusiasts with the right skills and knowledge can build their own DIY cryptocurrency hardware wallet similar to a Trezor, an open-source hardware wallet. Florin Cocos, an electronics design manager, successfully created his DIY Trezor Model One using open-source code in 2018, even w ...

PayPal Integration with Ledger Live Enables Direct Cryptocurrency Purchases

The companies have partnered. The agreement will see PayPal integrated into Ledger Live. Users of the app in the U.S. will be able to buy bitcoin, ether, BCH and LTC directly from a currency account, Ledger noted. Hardware wallet maker Ledger has anno ...

Ledger Partners with PayPal to Integrate Cryptocurrency Purchases on Ledger Live

The companies have partnered. The agreement will see PayPal integrated into Ledger Live. Users of the app in the U.S. will be able to buy bitcoin, ether, BCH and LTC directly from a currency account, Ledger noted. Hardware wallet maker Ledger has anno ...

Only 6 out of 45 crypto wallet brands have undergone penetration testing: Report

A July report from cybersecurity certification platform CER found that only six of 45 cryptocurrency wallet brands, or 13.3%, have undergone penetration testing to find security vulnerabilities. Of these, only half have performed tests on the latest versions of their products.The three bra ...

Open source: Buzzword or real security for crypto wallets?

Last month, hardware crypto wallet manufacturer Ledger announced its “Ledger Recover” program designed to allow customers to back up their seed phrases to the cloud and link it with their real-world identity.The announcement was met with heavy pushback from the crypto community, as many sa ...

North Korean hackers swipe over $100M from Atomic Wallet users

Atomic Wallet, a noncustodial decentralized wallet, has been hit by a staggering exploit, leading to users reporting losses of their entire cryptocurrency portfolios. This unforeseen breach has sent shockwaves through the crypto community, as Atomic Wallet’s fundamental premise relies on us ...

Trezor Reports Surge in Hardware Wallet Sales Amidst Security Vulnerability Disclosure

Hardware wallet maker Trezor reported a 9-fold increase in sales of its devices, despite the disclosure of a vulnerability in the Model T that allows a private key to be stolen. One of the drivers of Trezor wallet sales growth was the controversially accepted key recovery ...

Unciphered Cracks Trezor Model T Hardware Wallet and Obtains Private Key

Information security company Unciphered reported that it was able to crack the popular Trezor Model T hardware wallet and obtain a private key. In the demonstration video, Unciphered experts exploit a certain "hardware vulnerability" in the Model T wallet. The video sh ...

Ledger Delays Launch of Ledger Recover Service and Drops Controversial Key Recovery Feature

The head of the company said that Ledger is delaying the launch of the Ledger Recover access service until the open source code for the protocol is published. Pascal Gauthier issued a statement: Ledger is dropping the controversial key recovery feature following negative us ...

Ledger CEO Confirms Authorities Can Access Private Keys via New Firmware

The CEO of Ledger confirmed that because of the new firmware of Ledger Nano X hardware cryptocurrencies, authorities will be able to access private keys for the sake of investigations. Last week Ledger announced the launch of Ledger Recovery service to restore access to c ...

Ledger Recovery Service: Voluntary Subscription for Enhanced Wallet Security

Ledger said that the subscription to the  Ledger Recovery service is voluntary, and the company is stripped of any ability to remotely manage and update devices. The latest update to the Ledger Nano X hardware crypto wallet allows users to subscribe to the Ledger Recovery t ...

Ledger Recovery Launches Key Backup Service for Ledger Nano X Devices

Ledger Recovery introduces a new recovery feature that allows the developer company to transfer and store backups of the original phrases. Hardware cryptocurrency wallet maker Ledger notified users about the launch of a new service to restore access to Ledger Nano X devices ...

Attackers Tamper with Hardware Cryptocurrency Wallet and Steal $30,000 Worth of Bitcoins

Kaspersky Lab experts described an incident in which attackers were able to tamper with a hardware cryptocurrency wallet and steal $30,000 worth of bitcoins. Hardware wallets are a more secure method of storing cryptocurrency compared to software hot wallets. They are ...

Trezor Collaborates with zkSNACKs to Bring Anonymity to Bitcoin Transactions

Trezor, the renowned hardware wallet manufacturer, has partnered with zkSNACKs to introduce the CoinJoin feature to its Trezor Model T, enabling users to make anonymous Bitcoin transactions. While software wallets already offer CoinJoin, it's a first for hardware wallets. This feature enables ...