After 3 Months of Work Joe Grand Hacks A Trezor Hardware wallet to Recover $2 Million Worth THETA | Off Spec Recovery
Let me begin by saying that you don't have to panic about the security of your Trezor wallet. The hack was done under some very special conditions and it required access to the physical device and a great deal of time along with special equipment. Having your cryptocurrency stored Trezor or any other hardware wallet under proper security practices is still better than simply HODLing on a software wallet.
The Vulnerability Was Fixed A Long Time Ago
More About Joe Grand AKA Kingpin
The best part is his involvement with L0pht Heavy Industries where he ended up testifying against the congress before eve reaching the age of 23. Joe Grand is a real technological genius who knows what he is doing.
Testifying at the United States Senate
Recover Your Passwords With Off Spec
If you have been in the same predicament as the gentleman who lost $2 million in THETA, you can visit https://www.offspec.io and take a look at their services. I assume they won't be very cheap. What I expect them to do is give first rate results.
Track Vulnerabilities of Hardware Wallets
Being informed is very important and https://wallet.fail is a very helpful resource to keep track of what is going on in this space. Bellow is a presentation from 2018 that take a look at;
- Firmware Vulnerabilities
- Software Vulnerabilities
- Hardware Vulnerabilities
- Physical Vulnerabilities
- Architectural Vulnerabilities
Getting rid of banks as a middle man mean that you are now responsible for the security and control of your finances. There is the famous saying of "With Great Power Comes Great Responsibility" and it is now in your hand to be responsible. I wish you the best of luck in taking care of your assets.
Stay Safe! Stay Informed!
Posted Using LeoFinance Beta
Very cool!
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Not bad for 3 months of work :) I'm happy for him, it would have been awful not to be able to recover those funds!