Igor Zemtsov, the chief technology officer at TBCC, shares his opinion on the hidden risks of updatable firmware in the world of cryptocurrency security. Hardware wallets are seen as the ultimate protection against cyber threats, but firmware updates come with their own set of vulnerabilities. These updates, while intended to enhance security, can also serve as potential backdoors for malicious actors. Users are faced with a dilemma each time an update is released: to update and risk potential exploitation, or to refrain from updating and leave themselves vulnerable to known threats. The consequences of making the wrong choice could result in significant financial losses. Firmware updates, which are often perceived as beneficial, can also be exploited by hackers seeking to compromise private keys. The article highlights past incidents where major hardware wallet providers fell victim to firmware vulnerabilities, putting users at risk of losing their assets. The importance of scrutinizing developers, their security history, and the update processes is emphasized to ensure the safety of hardware wallets. In a market valued at $2.79 trillion, prioritizing security measures is crucial to protect users against cyber threats. The article stresses the need for users to take control of their security and not rely blindly on firmware updates from manufacturers. It advises users to conduct thorough research before trusting a hardware wallet provider with their assets.