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Paper and Hardware wallets now a target for hackers

Hardware wallets now a target for hackers – You must have been made to believe that paper and hardware wallets are the most secure way to store your cryptocurrencies due to the numerous hacks currently going on with millions of dollars of bitcoin hacks from wallets and exchanges. Well, paper wallet only gives you protection from the internet as hackers now take their activities physical.

Hardware wallets now a target for hackers

A New Jessey man, Mr Meza, 35 made away with a cryptocurrency investor’s digital wallet after he lured him into a minivan where he had an accomplice. He then had his victim at gunpoint and asked him to release his password according to prosecutors. After this password was given to Mr Meza, he got into his Ethereum wallet and transferred 1.8M which got into his account the next day according to Manhattan DA, Cy Vance Jr. A CCTV  video also showed Mr Meza leaving his victims house earlier with a box believed to be the victim’s digital wallet. The victim later succeeded to make it out of the van and called 911.

The Manhattan DA also cautioned that such crimes will be on the rise. If Mr. Meza is found guilty, he could face up to 25 years in the penitentiary facility. He, however, pleaded not guilty to grand lancer, kidnapping and robbery.

What are your thoughts on cybercrime going offline? Do you think there is a better way to secure wallets other than paper or hardware wallets?

Let us know your thoughts below.

 

 

 

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