Ledger backdoor? Having trouble coming up with any other clarification. : CryptoCurrency
Recently my cousin was topic to a federal raid. They took all unlawful contraband in addition to his Nano S Ledger, cellphone, and laptop computer. The Ledger had a considerable amount of BTC and ETH on it. He used a totally random 6 digit code for his passcode. His pockets seed is in a separate location and WAS NOT taken. Only one copy exists.
About 24 hours after the Ledger was seized, all the funds have been drained and moved to a separate pockets. He DID NOT give the passcode nor the seed to regulation enforcement. His pc has Ledger Live, however additionally it is password protected.
How can this be defined? Ledger makes use of a proprietary safe ingredient and their code is just not publicly out there. The solely clarification I can come up with is that there’s a backdoor for regulation enforcement. Nothing else is smart.
What are everybody’s ideas? I’ve two Ledgers and this considerations me.
Edit: An fascinating remark by /u/steemwitness:
“Ledger will admit themselves a tool that you simply bodily lose can by no means be 100% bullet proof. Never. No matter how a lot you need it to be.
With bodily entry, the power to open the case and spend as a lot time as you need, aspect channel assaults, RF assaults, and so on can be utilized. There are actually exploit write-ups out proper now displaying Trezor and Ledger being “compromised” with bodily entry to the gadget.
Did you understand somebody may keylog your pc by studying the voltage distinction your monitor outputs if you press a key? You can actually keylog an air gapped pc. Hackers are tough folks.
Btw if you do not know how one thing was constructed from the bottom up and perceive the inside workings of your complete product how can YOU declare it is safe? Because ledger instructed you so?”