[dtube] Daily: Ledger Physical Hack. Binance Vs Japan
15 Year old kid managed to breach the ledger firmware (pre 1.4.1). Nikkei posted that Binance was asked to leave Japan.
1:00 Market Recap
1:50 Ledger physical hack?
3:35 Japanese orders Binance to close
Vechain + BMW?
FUD and the media
https://arstechnica.com/information-technology/2018/03/a-tamper-proof-currency-wallet-just-got-trivially-backdoored-by-a-15-year-old/
https://ethereumworldnews.com/japan-orders-binance-crypto-exchange-to-close-or-face-police-action-bitcoin-rally-falters/
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If the Binance news was all FUD then it is something to be concerned about, this type of irresponsible reporting is disturbing the crypto markets, I wonder how a single news can impact the markets, this market really has a long way to go so that it isn't that easy to manipulate the markets in future.
Thanks for the great content, it’s a mixture of a lot of craziness that’s going on right now , But once again thanks for the valuable and entertaining post !
Personally I would like to see a anti tamper sticker on all hardware wallets and a simple guide on how to run a check sum on the firmware to verify the integrity of the software.
This is not the first time I have heard of these type of attacks and next time it might affect the supply chain and not be second hand devices bought of ebay.
The only way to avoid or reject FUD is stay educated and deep dive into the blockchain space. Unfortunately we dont have many people who are doing it right. For example : boxmining youtube helped me a lot , now steemit articles are helping a lot too . Education is the key , consiousness is the way forward. And wow binance , CZ is just the champ . Dealt the Japan FUD just like that. Excellent .
Hi Michael as a follower i like your videos and style but i think the news format is kind to short. i understand you try to stay more professional and neutral. it would be nice to get more of your personal opinions. Thats what i like most ...
Markets do what markets do. Blaming drops to “fud” is juvenile. Its like blaming death to time because time makes everything worse, because of time we grow old and die therefore it’s time’s fault. The attacks on Bitcoin is even worse towards alt coins.Cryptos are strong because WE are strong and will PERSEVERE
Great value as always! If anyone wants another daily d.tube channel to follow make to sure to check mine out for daily crypto content!
serious.
..? really did not imagine before. surely are the factors that affect it
Kids nowadays learn hacking techniques in the womb... Anyways it will effect the market as the prices can fall...
I sure hope the updated firmware from Ledger Nano will eliminate the hack. Quite incredible that a 15 yr old could hack the formerly un-hackable Ledger. What I hope is this kid straightens out and starts his own crypto company.