In this presentation we will take a look at how to break the most popular cryptocurrency hardware wallets. We will uncover architectural, physical, hardware, software and firmware vulnerabilities we found including issues that could allow a malicious attacker to gain access to the funds of the wallet. The attacks that we perform against the hardware wallets range from breaking the proprietary bootloader protection, to breaking the web interfaces used to interact with wallets, up to physical attacks including glitching to bypass the security implemented in the IC of the wallet. Our broad look into several wallets demonstrates systemic and recurring issues. We provide some insight into what needs to change to build more resilient hardware wallets.
Hardware wallets are becoming increasingly popular and are used to store a significant percentage of the world’s cryptocurrency. Many traders, hedge funds, ICOs and blockchain projects store the entirety of their cryptocurrency on one or very few wallets. This means that users of hardware wallets store tens of millions of euros of cryptocurrency on small USB peripherals that costs only a few euros to manufacture. Moreover, many users that trade and speculate in cryptocurrency interact, update, and generate transactions using their hardware wallets on a daily basis.
In this talk we look at the good, the bad and the ugly of hardware wallet security: We will walk through the different architectures of the wallets, look at the different attack vectors and talk about the challenges of building secure hardware before diving in deep finding vulnerabilities in the different wallets.
The vulnerabilities we will present range from vulnerabilities that can be fixed in a firmware upgrade, to bugs that will require a new hardware revision, up to attacks on the microcontrollers themselves, requiring new silicon to be fixed.
Some of the (most entertaining) vulnerabilities will be demonstrated live on stage.
Classes of Vuln
