💢Doubts about the security of hardware wallets: What is the risk of storing large amounts of virtual currency?
Hardware wallets are often seen as storage tools for large amounts of virtual currency, but the security risks behind them cannot be ignored. Many hardware wallets are developed by teams of only a dozen people, which has caused many trust issues. Even if the CEO of the company upholds professional ethics, how can we ensure that the entire supply chain can adhere to ethical bottom lines? Will employees engage in inappropriate behavior due to the temptation of interests?
It should be noted that with just a biased pseudo-random number generator, hackers may use on chain information to reverse engineer the private key, putting virtual currency assets in the wallet at great risk of being stolen. When entrusting large amounts of virtual currency to hardware wallets, these potential security vulnerabilities are undoubtedly like "time bombs" that can explode at any time, causing investors to suffer heavy losses. Therefore, it is crucial to examine and consider the security of hardware wallets.
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