OneKey, the maker of hardware wallets for cryptocurrencies, was breached in a matter of seconds by a security company

OneKey, the maker of hardware wallets for cryptocurrencies, is sending shockwaves through the crypto world. Unciphered, a security company, was able to exploit a critical flaw that enabled it to steal cryptocurrencies stored in the wallets in a matter of seconds,

Underlining the need for improved security measures. This security breach has raised questions about the safety of hardware wallets, with many users now considering alternative methods for storing their cryptocurrencies. The Federal Trade Commission (FTC) has advised users to take steps to secure their systems, notify service providers involved, examine what personal information they can access, and check their network segmentation. Additionally, they recommend changing all passwords, deleting any accounts not in use, and using FIDO-based authentication instead of traditional MFA with passwords.