In this video, Michael highlights the rising threats to crypto security in 2025 and stresses the need for secure hardware wallets like Ledger. He reviews different Ledger models, shares real-life hack...
In this video, Michael highlights the rising threats to crypto security in 2025 and stresses the need for secure hardware wallets like Ledger. He reviews different Ledger models, shares real-life hacking stories, and explains why these devices are essential to protect your assets. Stay tuned for a chance to win a Ledger device!
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00:00 The Scary Reality of 2025: Crypto Hacks
00:29 Real-Life Hacking Horror Stories
01:09 Why Your Devices Aren't Safe for Crypto
02:13 Introducing Ledger: Military-Grade Security
02:52 Different Types of Ledger Devices
03:40 The Importance of Being Your Own Bank
04:31 How Hackers Steal Your Crypto
07:25 The Evolution of Ledger Devices
12:32 Which Ledger Device Should You Get?
13:53 Giveaway and Final Thoughts
AI Analysis
Here's a summary of the video about why you need a Ledger wallet, especially with crypto threats rising in 2025.
2025 is expected to be a scary year for crypto security, with hackers becoming more sophisticated and targeting even everyday users. Standard devices like computers and phones aren't built to securely hold your valuable crypto assets because they have too many vulnerabilities. Hardware wallets like Ledger offer military-grade security by keeping your private keys isolated on a dedicated, secure chip, making it virtually impossible for hackers to steal your funds, even if your computer is compromised.
Here are the key points discussed:
Rising Crypto Security Threats: Expect 2025 to be a risky year for crypto security. Hackers are constantly trying new ways to steal funds, and everyone holding crypto is a potential target.
Real-Life Hacking Stories: There are recent examples of people, even those in the crypto industry, losing all their funds instantly just by clicking a malicious link or downloading infected software. A colleague lost Ethereum, Bitcoin, and BSC just by installing what they thought was a legitimate chat client.
Computers and Phones Aren't Safe: Your everyday devices are designed for lots of tasks, not for securely storing something as critical as your crypto private keys. They are general-purpose and thus vulnerable from many angles.
How Hackers Attack: Common methods include phishing emails with malicious attachments (like fake invoices or PDFs), fake links, and tricking users into downloading compromised software. Once a hacker gets access to your computer, they can potentially access software wallets like MetaMask or Phantom directly, sometimes even without needing your wallet password.
Ledger Offers Military-Grade Security: Ledger devices are built specifically for security. They hold your private keys (the essential secret to your crypto) in a highly secure, certified chip (EAL6 certified).
Ledger's Security Architecture: Even if your computer is infected, the hacker cannot extract the keys from the Ledger device itself. Ledgers have a separate, secure operating system, sometimes even two, acting as powerful barriers against digital attacks coming from your connected computer.
Transaction Verification is Key: Ledger devices have their own screen where you must physically verify transaction details like the amount and recipient address. This is crucial because hackers can sometimes alter the information displayed on your computer screen, but they can't change what's shown on the Ledger's secure screen. This ensures you know exactly what you're signing before confirming it on the device.
Why "Not Your Keys, Not Your Crypto" Matters: Being your own bank in crypto gives you total control but also total responsibility for security. There's no central authority or police force that can easily recover stolen funds. This is a scary but important reality of crypto.
Ledgers Are Used by Professionals: Even large funds and industry professionals holding hundreds of millions of dollars use hardware wallets like Ledger to protect their assets. It's not just for small holders; it's the standard for serious security.
Evolution of Ledger Devices: Ledger has come a long way since the original Nano S (released in 2016). Earlier models had small screens and fewer buttons, making navigation difficult. Newer models like the Stax and Flex have significantly improved user experience with larger screens (including e-paper on Stax), touchscreen functionality, and better communication.
Improved User Experience: Switching from older models to newer ones with full screens is a "big game changer," especially for frequent users. It's much easier to navigate and confirm transactions.
Quality and Durability: Newer Ledger devices have improved construction quality. The screens on older models sometimes wore out, but newer technologies like e-paper are more durable.
Mobile Support: Modern Ledgers offer much better mobile support, allowing you to manage your crypto on the go, although sticking to secure environments at home is still preferred.
Ledger's Coin Support: A major reason Ledger is recommended is its unparalleled support for a vast number of cryptocurrencies, including newer or unreleased tokens that might be involved in airdrops or testnets. Other hardware wallets simply don't have the same broad compatibility.
Eventually, You'll Likely Need a Ledger: If you're serious about crypto and interacting with different projects, you'll likely end up needing a Ledger eventually because of its coin support.
Comparing Ledger Models: There are different models at various price points: the smaller S series (like Nano S/X), the Ledger Flex ($249), and the Ledger Stax ($399).
Recommendation for Most Users: While the Stax is the high-end model, the Ledger Flex ($249) is recommended as the best option for about 95% of users. It offers a significant upgrade in usability over the older S models and is considered well worth the price for its improved functionality and screen.
Giveaway: There's a chance to win a Ledger device by commenting on the video about a potential cyberattack you've experienced (fake emails, links, etc.) to raise awareness.
Transcript
Folks, 2025 is actually a very scary year. I've been targeted multiple times by various hackers trying to steal my crypto. And this is because, obviously, I'm in a crypto industry, so I'm a target. But the problem is this affects everyone. Because you might just get an email with a little PDF attachment or a photo. And if you accidentally click that PDF, it could lead to a catastrophic loss of cryptocurrencies. That's just a fact. I know this because just three weeks ago, one of my colleagues j...
Folks, 2025 is actually a very scary year. I've been targeted multiple times by various hackers trying to steal my crypto. And this is because, obviously, I'm in a crypto industry, so I'm a target. But the problem is this affects everyone. Because you might just get an email with a little PDF attachment or a photo. And if you accidentally click that PDF, it could lead to a catastrophic loss of cryptocurrencies. That's just a fact. I know this because just three weeks ago, one of my colleagues just got hacked. She was actually just talking to a potential partner. She needed to actually talk to different people. And that person told her, hey, why don't you download this client? It's much easier for us to chat over this special Zoom-like program. The moment she downloaded that program, she knew something was bad. Because they ran and her crypto was gone almost in an instant. And it wasn't just like one crypto. It wasn't just Ethereum. It was her Ethereum, her Bitcoin, her BSC wiped out from her wallet. And that's how scary it is. This is because our computers, as nice and fancy as they are, as they look pretty cool. But our computers, our phones are not designed to hold cryptocurrencies safely. They're designed to do a lot of functionality. But holding crypto safe, becoming your own bank, that is definitely not what they're designed to do. These are military-grade security. Essentially, even if the hacker convinces you to install some shady software, corrupt your computer, attack every single file, they will not get your crypto from these devices. That's how secure they are. Because they hold your key, your private key, the most powerful part of your crypto. They hold this in a very special military-grade chip that is EAL6 certified. Essentially meaning that hackers, no matter how they try, no matter what they do, even if they have the physical device themselves pry it open, they cannot extract the key nor your crypto from one of these devices. So this is actually our seventh year talking about Ledger. So I will give you a brief overview of the history and why you need one of these devices. And honestly, 2025 is a year that you do need one of these. They're a lot easier to use. They're a lot very functional. So there's no excuse to not use them. At the same time, they offer you this insane security so you won't be crying to me and saying, Hey, look, Michael, you know, I lost all my crypto. And it does really happen in this space because not only have I seen it, but multiple people. I have experienced that journey and I don't want that to happen to you guys. So anyway, stick around to see why you need one of these things and which one to get because there's quite a lot over here. Quite frankly, there are quite a few Ledgers. These Ledger Nanos, which are kind of like the iPods. They have the same functionality but fewer buttons. And you have to like navigate through these two little buttons here. So I'm here through this little window. Or the Ledger Stacks, which is like the Rolls Royce of devices. It's got, you know, a 3D curved screen. It's got touchscreen. It's got sound. And of course, you can just see durability there as well. But this is like extreme functionality and extreme. I see that's very, very beautiful as well. So by the end of video, you figure out which one is the right one for you. Let's get started. So I'm pretty sure you've heard this before. Not your keys. Not your crypto. Or you're your own bank in cryptocurrencies. So that's actually a very scary phrase. I mean, I'm my own bank. You know, that sounds cool at all. But, you know, I can send money anywhere around the world. I have full control over my funds. But the problem is, I'm solely responsible for the security of my crypto. There's absolutely no one I can call. You know, I actually try calling the Hong Kong police over here about stolen crypto and how people do that. There's nothing they can do if funds get stolen. This is the scariest part about crypto. Because you're your own bank, you are 100% responsible for your security. And it doesn't sound like the sexiest thing in the world. Oh, you know, making sure you're secure. But at the end of the day, it really does pay off. So let's just give you an example of how hackers can steal your crypto. So one of the kind of most common ways is when you get an email. You get an email, they say, hey, you know, there's an invoice. And it might not even be crypto related. It might just be like, oh, here's an Amazon invoice. You'll go check it out. You made a new purchase that, you know, might be suspicious. Check out this invoice. The moment you click on an insecure PDF or something that looks very suspicious, that could lead to a hack on your computer. The problem with these hacks on the computer is that once a hacker breaks through your computer, they get access to every single file. So that includes your MetaMask, your Phantom, your Bitcoin wallet stored on your device. It could be breached. The scary thing that happened with us is that when our colleague got breached, she didn't even enter the password to unlock her wallet. Somehow the hackers just had full access to her system and just took everything from her like that. So that is what makes it scary. Because these devices, computers, they're general purpose devices. They're good for everything. But by being good for everything, they can have vulnerabilities in every single direction. They're attackable in every direction. Devices like this, so they look and function like a separate device. And that's exactly what it is. It's a separate device not connected to your computer. Well, not always connected to your computer. But they have a separate operating system. So they communicate with the device, your computer for a secure method. But more importantly, there's actually two operating systems in here, which actually makes it extremely secure. What that means is that even if something fishy is going on on your computer, they cannot breach through two essentially military-grade walls to have access to your crypto or your private keys. That is exactly what makes this powerful. On top of that, because there's a separate screen, you always know how much crypto you're sending and where you're sending it to. This is extremely important. Sometimes we see in attacks where they even change on your computer the display of where it's going and the amount. But here, that's not hackable. When you sign a transaction here, when you do something here, it's absolutely crucial. So that's kind of the basics. These devices protect you from every single sort of attack. And what I've seen, and the craziest thing I've seen this before, is that this isn't just for your average crypto enthusiast. Professionals in this industry, funds in this industry, people that holds hundreds of millions of dollars are all using devices like the Ledger to protect their crypto. In fact, I've seen a whole bucket of them. Like, because, you know, they have, people fill out multiple wallets. I've seen buckets of these hanging out in exchange safe, essentially protecting their funds. And that's how much security that these devices offer. So even if you're one random colleague or someone gets hacked, you are going to sleep with a sound of mind. So that's how it works. Now, the evolution of these devices is quite crazy. So one of these first devices I got was the Ledger Nano S. These devices, they're extremely functional. But of course, there's limitations into how they look and function. So back in the day, you know, this was like one of our biggest videos. We have 1.5 million views on our Ledger Nano S tutorial. And that was because people needed to protect the crypto. But at the same time, it was relatively hard to use because of the limitations of the screen size here. Because of the limitations of this device, it's very hard to show instructions and guide you through step by step what is happening. So you can actually see, I'm actually really happy to see devices like here where you have a full screen. And not only is that screen like a full screen, but this is an e-paper screen. And the great thing about e-paper screens, and so this is actually just entered my pin wrong. And it tells you, you enter your pin wrong, you have two more tries. So the communication of this is obviously a lot better. And you can see my password, which is great. But obviously, you shouldn't show people your password. But, you know, this is a demo device. But you can click through and you can actually show which app you're using. So the functionality of this is greatly improved. So we actually come a long way since the original Nano S that was released in 2016. Here, this is just like, whoa, night and day. Right. And the evolution of this is that I think the best way to think about it is the security and the functionality relatively similar. But the user, the ease of use, it's like, I think it's like a thousand times improvement. I'm actually quite impressed because like, yeah, recently switching from something like this to here, big, big difference, especially if you're one of the daily users of crypto. Like if you want to use it on a daily basis, yeah, having a screen, like clicking that to use your Ethereum, much easier than finding the app with two buttons. So we actually come a long way. And these devices, honestly, in terms of construction, also came a long way too. I want to point out one of the flaws. I'm not sure if Ledger will mind me saying this, but one of the flaws of these ones is that the screen actually starts wearing out a little bit over time. So I've actually owned around eight Ledger devices and around two of them, the screen actually started fading a little bit just because of the OLED and the technology here was just not as robust. Something like this e-paper, these things last a long time. They're like essentially paper-like screens. So the functionality and the improvement in quality is very, very noticeable for these years. I mean, it's very clear that after securing more funding, Ledger's got spent a lot more in the development of this product, it still looks like a Ledger, right? Like it's still got the DNA of the Ledger, but in terms of functionality, the feel, the touch, everything has been drastically improved here. So yeah, I'm actually pretty impressed that like as someone who's in crypto, going through this space for such a long time that we have devices that we can show people and be like, yo, you know, you go out and show people like, yo, look what I got. Ooh, check my Ethereum wallet. So yeah, we've come a long way. On top of that, of course, mobile support is a lot better. So you can actually take this away with you and actually use this on a go. Personally, I'm still a little bit old school. You know, I still like to play everything at home in secure environments. But there's a lot of people that I know who has to transfer funds, like large amount of funds, and that really requires a Ledger and you need to do that on a go. And now because Ledger has the app on both desktop and a mobile experience system. For the last topic, you're going to come here. All right. Lastly, all right. So this is, you know, I sound very positive about Ledger and it feels like, oh, they're sponsoring me for everything. But let's be honest here. So I've been working with Ledger for a long time. At the end of the day, I actually re-approach Ledger and said this, look, you guys have the best device and why don't you sponsor this video. But at the same time, I get to keep all everything into my own personal words. Simply said, why Ledger became the best and the most recommended, and in fact, the one that people are viewers on every channel, pretty much both FoxMining and AlphaDrop bought the most off is because of the support for new coins. Simply said, just no other hardware wallet device that has support for this many coins. All right. That's just no comparison when it comes to using a hardware wallet that is like compatible with everything. So at the end of the day, your choices are relatively simple. All right. You either get a Ledger and just get the best one and get it available with the best one for you, or you buy another hardware wallet and then eventually buy a Ledger. Because at some point in time, especially if you're dealing with unreleased tokens, especially like we hear hot air drops a lot. And sometimes you just have to interact with test nets. You have to interact with something new. Ledger support always comes first. So eventually you're always going to get a Ledger. Okay. That's just a fact in crypto. Right. So that's why I'm pretty big on this thing. So now there are also three devices for Ledger. Right. These Ledger that are S series where like these small ones with the little screens. Then we have the Ledger flex and the Ledger stacks. Now they come from very different price points. Right. So this is $79 in the US. This is $249. This is $399. So you might be confused. Which one should you get? Which one's the best? If you have never ever used a wallet, what should you do? Honestly. All right. I'll be honest opinion here. I'm going to say for, I would say for 95% of my viewers here and for people that I know, this one is the best. Honestly. All right. $249 sounds a little bit expensive, but you're using them for a long period of time. Now in terms of functionality, because there's a screen and because it's touchscreen, it's a real big game changer when it comes to operating from this. So I found that this was actually a big life changing moment when I actually used it and was worth the upgrade. So if you have a Ledger X or a Ledger Nano S, this is the best upgrade you can get. Now obviously if you have more funds and if you have disposable income, great. This one, the Ledger stacks, very, very easy to use and very functional. But at the end of the day, I would say for 95% of people here, it's good. So Ledger's nice enough to actually provide and give away a few Ledgers to our audience. To qualify for this, write down in the comment section below how you've been potentially attacked by a cyber attack. Potentially fake emails, fake airdrop links. It could be a fake airdrop claim. Comment down below. Not only will this raise awareness for how potentially you can be vulnerable, you're not your hubbing orders, but you can also get a chance to win one of these as well. So thank you Ledger for sponsoring this video. With that guys, thank you guys so much for watching our Ledger take on Ledger. It's been a long time. I really want to do more reviews on this. I actually realized I haven't done any reviews on this. I've been using them, but I haven't done reviews on them. So those are coming soon. Check the links on the side if you're already done. And obviously because there's a giveaway, put some comments down below about how potentially that you have been hacked. We've got to share this with everyone. Thank you guys so much for watching this video. See you next one.