Revealing One Key Security Insight for Hardware Wallets

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"Not your keys, not your crypto." As agreed upon by many hardcore crypto hackers/holders, one should own their own crypto in their own wallet. However, does storing your coins on a small device really protect you from crypto heists? It's not always that simple. We have analyzed a hardware crypto wallet, discovered and exploited a remote code execution bug, and extracted the private keys. In this talk, we will explain the security concerns surrounding hardware wallets, including their origin, history, and current trends, and demonstrate one of our hacks on hardware wallets.