White hat hackers found vulnerabilities in OneKey’s firmware earlier this year allowing them to hack the open-source crypto hardware wallet in one second flat. Here's how they did it.
Crypto hardware wallet provider OneKey says it has already addressed a vulnerability in its firmware that allowed one of its hardware wallets to be hacked in one second flat.by cybersecurity startup Unciphered showed they had figured out a way to exploit a"Massive critical vulnerability" in order o"crack open" a OneKey Mini.
According to Eric Michaud, a partner at Unciphered, by disassembling the device and inserting coding, it was possible to return the OneKey Mini to “factory mode” and bypass the security pin, allowing a potential attacker to remove the mnemonic phrase used to recover a wallet. "You have the CPU and the secure element. The secure element is where you keep your crypto keys. Now, normally, the communications are encrypted between the CPU, where the processing is done, and the secure element," Michaud explained.
"Well it turns out it wasn't engineered to do so in this case. So what you could do is put a tool in the middle that monitors the communications and intercepts them and then injects their own commands," he said, adding: "We did that where it then tells the secure element it's in factory mode and we can take your mnemonics out, which is your money in crypto."the security flaw identified by Unciphered, noting that its hardware team had updated the security patch"earlier this year" without"anyone being affected," and that"All disclosed vulnerabilities have been or are being fixed.
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