Yeah poor guy! Just was so ironic that almost the exact time I was making that post someone actually did loose funds because of what appears to be a hidden backdoor on a hardware wallet purchased from a 3rd party (ebay). If you use hardware wallets ALWAYS use multisig and keep an offline key. This ensures even if a backdoor were put on your hardware wallet it only would function as 1 of many keys needed to unlock your funds. As I said in my original post, unless you really understand the reasons they CAN be useful, relying on them solely is putting a HUGE amount of trust into the hands of a few.
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Yeah exactly ! The party can harm you when you trust it blindly. That idea is best that keep a copy of the key so that no body can abuse you funds. @bigdeej thank you so much and so kind of you that you explained it very well. My ears are up now i mean won't do that mistake ever. #God bless you Dear..!
always buy directly from the company too. anyone going through 3rd parties like ebay or amazon are just asking to be hacked. there needs to be more awareness on this stuff.
Agreed, problem is especially for the new people they are scared into believing they NEED a hardware wallet, then they can't get them since they are usually sold out, so they go to 3rd parties... My original post outlined even just a hardware or software bug, not even malicious intent, could result in the loss of funds.