Are there any known instances of fault injection attacks targeting cryptocurrency wallets?

7 answers

• Nov 24, 2021 · 3 years ago
  Yes, there have been instances of fault injection attacks targeting cryptocurrency wallets. One notable example is the attack on the MyEtherWallet platform in 2018. In this attack, hackers injected malicious code into the platform's DNS servers, redirecting users to a fake version of the website. When users entered their wallet credentials on the fake website, the hackers were able to steal their funds. This attack resulted in significant financial losses for affected users. To prevent such attacks, it is important to use hardware wallets or trusted software wallets, enable two-factor authentication, and regularly update wallet software to patch any vulnerabilities.
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• Nov 24, 2021 · 3 years ago
  Absolutely! Fault injection attacks have been a concern in the cryptocurrency space. In 2019, a research team discovered a vulnerability in certain hardware wallets that allowed attackers to inject faults during the signing process. By manipulating the voltage or clock frequency, attackers were able to extract the private keys used for signing transactions. This type of attack can lead to complete loss of funds for users. To mitigate such attacks, it is crucial to choose hardware wallets from reputable manufacturers and keep the firmware up to date.
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• Nov 24, 2021 · 3 years ago
  Yes, there have been known instances of fault injection attacks targeting cryptocurrency wallets. One example is the attack on the Ledger Nano S wallet in 2020. The attack involved exploiting a vulnerability in the firmware of the wallet, allowing the attacker to inject malicious code and gain unauthorized access to the user's private keys. This attack could result in the theft of funds from the wallet. To protect against such attacks, it is recommended to only purchase hardware wallets from trusted sources and regularly update the firmware.
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• Nov 24, 2021 · 3 years ago
  Sure, there have been cases of fault injection attacks targeting cryptocurrency wallets. One well-known incident occurred in 2017 when a vulnerability was discovered in the Trezor wallet. The vulnerability allowed an attacker to inject faults during the firmware update process, potentially compromising the security of the wallet and enabling the theft of funds. The Trezor team quickly addressed the issue and released a firmware update to fix the vulnerability. It is important to regularly check for firmware updates and apply them promptly to ensure the security of your cryptocurrency wallet.
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• Nov 24, 2021 · 3 years ago
  Yes, fault injection attacks have been a concern for cryptocurrency wallets. In 2021, a security researcher discovered a vulnerability in a popular mobile wallet app that allowed for fault injection attacks. By injecting faults during the cryptographic operations, the attacker could manipulate the wallet's behavior and potentially steal funds. The wallet developer promptly released a patch to fix the vulnerability and urged users to update their app. It is crucial to keep your wallet software up to date and only use reputable wallet apps from trusted sources.
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• Nov 24, 2021 · 3 years ago
  Indeed, there have been instances of fault injection attacks targeting cryptocurrency wallets. In 2016, a vulnerability was found in a popular web-based wallet that allowed attackers to inject faults during the transaction signing process. By manipulating the signing algorithm, the attackers were able to generate fraudulent transactions and steal funds from unsuspecting users. The wallet provider quickly patched the vulnerability and advised users to change their passwords and enable two-factor authentication. It is essential to choose wallets with robust security measures and stay vigilant against potential vulnerabilities.
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• Nov 24, 2021 · 3 years ago
  Yes, there have been known cases of fault injection attacks targeting cryptocurrency wallets. In 2015, a vulnerability was discovered in a mobile wallet app that allowed attackers to inject faults during the key generation process. By manipulating the key generation algorithm, the attackers could generate weak or predictable keys, making it easier for them to steal funds from the wallets. The wallet developer released an updated version of the app with improved key generation security. It is crucial to use wallets with strong key generation algorithms and regularly update the wallet software to protect against such attacks.
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