Hardware Wallet Sales Surge Following the Coldcard Incident

iconKuCoinFlash
Share
This is the logo of the coin.
BTC
$77,130.70-1.6%
This is the logo of the coin.
ETH
$2,460.61-0.73%
This is the logo of the coin.
XRP
$1.34-2.84%
This is the logo of the coin.
SOL
$99.76-2.16%
This is the logo of the coin.
LDO
$0.3743-0.31%
AI summary iconSummary
On-chain news reveals that hardware wallet sales surged in August, with BitBox reporting a tenfold increase in credit card payments, primarily from North America. Trezor and OneKey also experienced higher sales, though specific figures are not publicly available. All three companies audited their mnemonic generation, RNGs, entropy, and firmware checks. Trezor will conduct penetration tests on its core firmware and share the audit reports. OneKey will revalidate its security code and transaction signing processes. Ledger’s CTO stated that AI-driven attacks require faster patches and improved user education. Blockstream Jade has rolled out firmware updates and urged users to upgrade all associated software and hardware. Cryptocurrency news highlights an intensified focus on wallet security following recent threats.

Odaily Planet Daily reports that hardware wallet manufacturer BitBox said credit card sales in August increased by approximately tenfold compared to the baseline of previous weeks, with the majority of the increase coming from North America; Trezor and OneKey also confirmed sales increases during the same period but did not disclose specific figures.

Trezor, BitBox, and OneKey have all re-examined their mnemonic generation, random number generator, entropy, and firmware verification processes. Trezor plans to conduct penetration testing on core firmware functionality and publicly release the associated security audit reports; OneKey will enhance its review of security-critical code paths and transaction signing processes.

Ledger CTO Charles Guillemet stated that AI-assisted attacks necessitate accelerating patch releases, vulnerability disclosures, and user education. Blockstream Jade has released a firmware update with multiple fixes and recommends users update their apps, operating systems, devices, routers, and home appliances accordingly. (Bitcoin.com News)

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.