10 Rules for the Secure Use of Cryptocurrency Hardware Wallets

Summary: The Web3 Foundation commissioned Trail of Bits to review cryptocurrency storage risks, and the firm published ten rules for secure hardware wallet use. The rules cover buying directly from manufacturers, initializing devices from a clean slate, testing recovery words on a spare device, and using multi-signature wallets with keys in physically separate locations.
Key Takeaway: A December 2017 reseller reportedly shipped a counterfeit scratch-off card with each device that supplied pre-selected recovery words, and anyone holding those words has complete control over the wallet and can steal all of its coins.

Read the original at Trail of Bits Blog ↗