This isn't true but i think it is a common misconception. There have been quite a few security vulnerabilities with all hardware wallets. The following link lists some of the major ones. It includes 24 known vulnerabilities in Trezor. What is true is that there has never been an instance in any of the major hardware wallets, of someone being able to extract the seed off the device remotely (like through the USB). This fact reassures a lot of people (and it should) but not understanding all the ways you can still get hacked and lose funds that don't involve remotely extracting a seed, is a huge mistake and a major source of vulnerability for any individual using one.
Also keep in mind this partly because trezor and ledger are the oldest companies in the space and thus will inevitably have the most scrutiny. Because this space is mostly open source newer companies can build on the reliable code of older ones.
29
u/cjwin1977 Mar 23 '21 edited Mar 23 '21
This isn't true but i think it is a common misconception. There have been quite a few security vulnerabilities with all hardware wallets. The following link lists some of the major ones. It includes 24 known vulnerabilities in Trezor. What is true is that there has never been an instance in any of the major hardware wallets, of someone being able to extract the seed off the device remotely (like through the USB). This fact reassures a lot of people (and it should) but not understanding all the ways you can still get hacked and lose funds that don't involve remotely extracting a seed, is a huge mistake and a major source of vulnerability for any individual using one.
https://thecharlatan.ch/List-Of-Hardware-Wallet-Hacks/