Onchain investigator ZachXBT has criticized hardware wallets, arguing that users should not rely on them for critical transaction signing or storing large amounts of cryptocurrency.
Summary
- ZachXBT says current hardware wallets are unsuitable for critical transactions, naming Ledger as the worst.
- He argues a dedicated iPhone used only for crypto could provide a better operational setup.
- Recent wallet scams show attackers continue targeting crypto holders through fake apps and social engineering methods.
In a Telegram post, ZachXBT described hardware wallets as “complete garbage” and said he does not advise using them for important tasks. Instead, he suggested…
