Chsamoht ⛓️

[Udi Wertheimer @udiWertheimer]

crypto wallets are a disaster i don’t know how many times i have to say that

i talked to 4 OGs who turbo f—d up today

this can happen to ANYONE if you think it can’t happen to you you’re wrong

btw you know which wallet is immune to phishing? friendtech. meditate on that

[Coinbase Developer Platform🛡️ @CoinbaseDev]

Had enough of the security vs. usability tug of war? 🤔

Learn how MPC is used to overcome today's biggest wallet infrastructure challenges in our new whitepaper!

@LindellYehuda's paper addresses one of the biggest challenges facing today's wallet infrastructure: key loss and theft. MPC overcomes this challenge by distributing key shares among multiple parties.

MPC can unlock new possibilities for user adoption by providing a more secure and user-friendly wallet experience.

But don't be fooled, deploying an MPC wallet has its subtleties. WaaS uses the latest scientific advancements in order to achieve an optimal balance of usability and security.

Want the lowdown on how MPC solves blockchain key management issues? Download the whitepaper:

https://t.co/2rxgqhRpSD

[U.S. Securities and Exchange Commission @SECGov]

Today we charged Binance Holdings Ltd. (Binance); U.S.-based affiliate, BAM Trading Services Inc., which, together with Binance, operates https://t.co/swcxioZKVP; and their founder, Changpeng Zhao, with a variety of securities law violations.

https://t.co/H1wgGgR5ir

[Yuga Cohler @yugacohler]

Today is a significant milestone for our team at @coinbase, as we launch Wallet-as-a-Service (WaaS) on Ethereum Mainnet. We believe this product will be pivotal in the next wave of enterprises becoming "onchain by default."

A quick tour of 5 key features WaaS has to offer:

[Ouriel @OurielOhayon]

great new wallet service by Coinbase

MPC powered!

FTW

[Pascal Gauthier @Ledger @_pgauthier]

I want to address the feedback over Ledger Recover, the way it was communicated, and share our path forward. Read my letter and join our town hall with our leadership team to learn more.

🧵👉 https://t.co/2hlPrMwzaN

[lukasschor.eth @SchorLukas]

There has been a lot criticism about @Ledger's new recovery solution Ledger Recover. But I think there is a path to mitigate some of the concerns around it.

The answer: Account Abstraction! 🧵👇

[Halborn @HalbornSecurity]

1/ 🚨 In May 2023, Level Finance, a prominent DeFi project, was attacked. An attacker was able to drain $1.1M from the project’s referral program. This wasn't just a breach, but a stark reminder of the challenges in #DeFiSecurity 🛡️ #LevelFinanceHack

[Quit @0xQuit]

I've had some time to digest the ledger news. Probably still need some more to be honest, but thought it'd be good to get some thoughts out now.

1/🧵

[H.E. Justin Sun 👨‍🚀 🌞 @justinsuntron]

Our collaboration with @ledger has been longstanding and productive. They've proven themselves to be a reliable partner time and time again. I'd like to extend my unwavering support to Ledger during these challenging times.

[Mudit Gupta @Mudit__Gupta]

It is and was always possible.

If a centralized company with closed source firmware tells you otherwise and you believe it, the joke's on you.

You also know that your browser wallet can be malicious and show you an innocent tx but make you sign a malicious one, right?

[Charles Guillemet @P3b7_]

1/
I’ve read several misconceptions about how a wallet works. It seems some people thought there is some magic, let me explain how it works.

A thread 👇

[Tal Be'ery @TalBeerySec]

1/7 While the exact technical details of the new #Ledger's recovery feature are yet a mystery, we @zengo can already share some important insights and lessons on Firmware wallets (previously known as h̶a̶r̶d̶w̶a̶r̶e̶ wallets) and Recovery
https://t.co/CvHd5jVLuZ
#ledgerrecovery

[Charles Guillemet @P3b7_]

DYOR - Yet another good thread recalling how hardware wallets work, and why your Ledger is as secure as it has always been. 🙏

[laurence @functi0nZer0]

“I am a cypherpunk”, I whisper to myself as I scan my passport for the third time to include all four corners while requesting my key shard backups from Ledger’s custodians

[Pascal Gauthier @Ledger @_pgauthier]

Thanks @OurielOhayon 🙏 Launch is imminent. You'll be able to test it very soon

[David 'JoelKatz' Schwartz @JoelKatz]

Here's an explanation of what we all understood (until recently) was Ledger's security model and value proposition.
https://t.co/zxNAU0caJA

[Ouriel @OurielOhayon]

what a perfectly timed panel.
what could we really talk about tomorrow?

[DCinvestor @DCinvestor]

“why didn’t Ledger release a new device with the online key backup? why ‘corrupt’ existing devices?”

4 words: existing monetizeable install-base

it’s not enough to sell someone hardware anymore. you have to get $10+/month

quite certain they will bring it to Nano S, too

[ansgar.eth @adietrichs]

I was initially upset when I heard about the latest Ledger firmware upgrade introducing seed backup functionality. Looking into this a bit, my understanding now is that this does not actually seem to change any trust assumptions: 1/