Ledger hardware wallet users might be in danger of physical attacks with their addresses part of the user data dump by suspected hackers.
While the affected users are threatening legal action in the Ledger data dump, some wallet owners might be at the risk of being visited by criminals. According to a Redditor named “u/relephants,” some users have begun received threatening emails demanding a $500 payment or risk being attacked in their homes.
This development opens up another risk factor for Ledger users whose private information have been leaked by the hacker. Apart from home invasions, the affected Ledger owners also have to deal with phishing and SIM swapping exploits, among others.
Actual robberies connected to Bitcoin are not uncommon, especially when the victim is known to be a holder of the popular cryptocurrency. Back in Sept. 2019, a Norwegian millionaire was reportedly forced to jump from his second-floor balcony to escape armed robbers.
The Ledger data dump also offers in stark relief the dangers of centralized storage of customer data. Meanwhile, US authorities are pushing for stricter know-your-customer (KYC) compliance for non-custodial wallet owners.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.