Ledger HACKED!! How to Protect Your Crypto!! 😱

#trezor #hardwarewallet #crypto
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- TIMESTAMPS -
0:00 Intro
2:02 What Happened?
4:09 Ledger Breach
6:20 Data Dump
8:04 Phishing Attempts
10:51 Potential Risks
13:29 Protecting Yourself
15:29 Wallet Tips
17:54 Upgrading Security
19:43 Conclusion

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⛓️ 🔗 Helpful Links & Sources 🔗 ⛓️

► Have I been Pwned: https://haveibeenpwned.com/
► Ledger Initial Disclosure: https://www.ledger.com/addressing-the-july-2020-e-commerce-and-marketing-data-breach
► Ledger Dump: https://twitter.com/JimmyMcShill/status/1340733120610447365
► Setting up Trezor: https://trezor.io/learn/a/trezor-suite-app-settings
► Passphrase Trezor : https://blog.trezor.io/passphrase-the-ultimate-protection-for-your-accounts-3a311990925b
► SimSwap Attack: https://us.norton.com/blog/mobile/sim-swap-fraud

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🤔 What Happened? 🤔

Ledger had their database hacked back in June where the hacker was able to get away with 1 million email addresses and 250,000 personal information (name, address etc).

This was then used in order to run phishing schemes on the Ledger users. They did this through email as well as phone messages.

This was then leaked on a hackers forum on the 20th of December available for anyone to see. Users started getting a lot of personal emails that were trying to extort them.

😨 Risks From Hack 😨

The first risk that exists is that people know where you live and they know that you have crypto. They could come to your house and force you to enter your password and hand over the crypto.

The phishing attacks are also a risk as the hacker will try to get you to download some malware that will steal your private keys or your seed words.

These phishing attacks have also extended beyond just hardware wallets as the hackers have targeted users with exchange phishing attempts.

Finally, there is also the risk that they could get sim swapped on these exchanges. This is when the hacker will commandeer the cellphone and bypass the two factor authentication.

There were also attempts to phish the seed words from those who held a trezor device. The hackers knew that most who had a ledger most likely also had a trezor as well.

❓ What To Do? ❓

Don't download any links from any hardware wallet manufacturer that emails you. You should also not respond to any emails or extortion attempts. They will take that as a signal that you respond to these and send more of them to you.

You should also change your email address at the other exchanges if you have used the same email for ordering the ledger.

If you do have any exchange accounts, then you will probably also want to avoid using sim based authentication and rather opt for something like Google Authenticator or Authy. Both of these generate an OTP on your phone locally.

🔓 How I Increase Opsec 🔓

Firstly, let's start with how I ordered that ledger device. I used a separate email address from the one that I use personally on all my other accounts. I had set this to auto forward any email that I did get from ledger regarding tracking with my parcel.

Then, when it came to the shipping address, I do own a post box here in London. I have used this for a number of other deliveries that I wanted to take without people knowing where I live.

I also did not hand over a contact telephone number for them to call me. I am incredibly cautious of giving my number to anyone and besides - they had my email so they didn't need to actually reach out to me on the phone.

You will also want to make sure that you don't order your Ledger device from any sort of third party seller. This is because they could have tampered with it.

💯 Next Level Security 💯

If you buy a Trezor device you can set yourself a separate passphrase which will allow you to go into a secret wallet that no one else is able to see. This can be used in any time where you are under duress.

You should also consider getting a safe deposit box where you can store two halves of both of your seed words. This can make sure that no one else is able to get near that crypto. You can also consider placing these two boxes in separate locations.

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

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