Part 1/8:
The Increasing Concerns Surrounding Ledger Hardware Wallet Security
In a recent incident, a user recounted losing 10 BTC and $1.5 million in NFTs stored on their Ledger Nano S, purchased directly from Ledger. Despite following all recommended security protocols—including securely storing their seed phrase and not interacting with the device for two months—the user was bewildered by the sudden loss of funds. This distressing event is not an isolated case; a disturbing trend has emerged, with numerous stories surfacing on platforms like X, highlighting significant financial losses attributed to Ledger wallets.