Crypto Hardware Wallet Ledger Responds to New Security Report From Kraken

[Riya143]

Ledger CTO Charles Guillemet has issued a response to the report from Kraken, which you can view in its entirety below.

“We are grateful to the Kraken team for bringing this vulnerability to our attention. While we have addressed this issue at length on Ledger, we want to assure our users that funds stored on their Ledger Nano X could never be accessed, since the Ledger Nano X’s security relies on the Secure Element – not on the MCU chip. The issue could allow an attacker who intercepted the device during the supply chain to install malware on the user’s PC, though the funds would still be safe.
Read more: https://dailyhodl.com/2020/07/09/ledger-wallet-supply-chain-attack-could-result-in-theft-of-funds-according-to-crypto-exchange-kraken/