If someone has a ledger but only uses it for Bitcoin, are they going to get rugged at some point?
Discussion
technically yes. but it depends on which ledger. the one without the bluetooth are generally safe.
why?
because ledger sends out your mnemonic. that is a single point of failure
The Ledger Nano S needs to be physically secured as its not tamper evident and subject to evil maid attacks
It’s always possible, if there’s a security flaw either in a future firmware upgrade, with the client software, or simply with the user’s own opsec.
#asknostr
nostr:note1wuc752lncad0t0fw9y4l56tr3jz5j667exvy60xfae6nzuakmxhq9sdmyp
Probably not, but if it was open source someone could tell you for sure. Without that, we're operating in probabilities.
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I highly doubt you can get rugged.
They HAVE been sending other data off to a third party though.
Best to stop using it. Even if you're using it with electrum or sparrow