Hardware wallets, like Trezor and Ledger, are lauded for their ability to provide offline storage and robust security against cyber threats. However, they are not without limitations. Cases of physical damage, firmware corruption, and forgotten PINs frequently challenge users, proving that even the most secure wallets can falter.
In December 2024, a widely publicized case involved a water-damaged Trezor wallet. Recovery experts utilized chip extraction technology to salvage the private key, showcasing how professional recovery services can tackle even the most complex situations.
Dr. Jan Kratky, a leading wallet recovery specialist, noted, “Hardware wallets are resilient tools, but accidents can happen. Professional recovery services ensure users don’t lose access to their assets due to unforeseen circumstances.”
This highlights the need for wallet owners to maintain backups of their seed phrases and consider engaging experts in case of hardware failures. By recognizing the limitations of hardware wallets, users can better safeguard their crypto assets against both technical and human errors.
Source: Trezor Blog
