If the Person Who Finds a Web3 Hardware Wallet is a Hacker
In 2024, Web3 security incidents caused by private key leaks have surged, resulting in estimated financial losses exceeding $855 million. Private keys function as the sole credentials for blockchain accounts, controlling access to all associated on-chain assets like cryptocurrencies and NFTs. Due to the decentralized nature of blockchain, losing the private key means permanently losing account control, while leakage typically results in asset theft. Hardware wallets, utilizing techniques like offline private key storage and secure chips, have become the primary choice for asset protection. ...