Stephan Livera | The cost to hack bitcoin hardware wallets with Dmitry Nedospasov SLP566 @StephanLivera | Uploaded April 2024 | Updated October 2024, 17 hours ago.
Dmitry Nedospasov is a PhD in Chip Security, also known for his hardware wallet exploits in 2018 with the wallet.fail talk. Dmitry joins me to talk about hardware security in the world of bitcoin and how it compares with hardware chip security in other domains. We discuss:

- The 2018 wallet.fail talk
- Bitcoin compared with other industries
- Realistic hardware wallet attack types
- The cost of attacking a hardware device
- Backups and Shamir’s Secret Sharing

Timestamp:
00:00 - Introduction and Background
08:08 - Open Source and Hardware Security
15:34 - Passphrases
36:42 - Swan.com
37:50 - Mempool.space
38:36 - Coinkite.com
41:40 - Reverse Engineering Chips
57:04 - When to use Hardware Wallets
01:09:40 - Using NFC Tags and Shamir's Secret Sharing

Links:

- X: @nedos : twitter.com/nedos
- LinkedIn: Dmitry Nedospasov : linkedin.com/in/nedos
- Site: Keylabs.io : keylabs.io
- Telegram: https://t.me/nedos
- wallet.fail talk: youtube.com/watch?v=Y1OBIGslgGM
- Recoverylabs.io : recoverylabs.io

Sponsors:

- Swan.com (code LIVERA): swan.com/livera
- CoinKite.com (code LIVERA) : coinkite.com
- Mempool.space : https://mempool.space/

Stephan Livera links:

- Follow me on X: @stephanlivera :twitter.com/stephanlivera
- Subscribe to the podcast : plinkhq.com/i/1415720320
- Subscribe to Substack : stephanlivera.substack.com