Can someone spend Bitcoin if they steal my locked hardware wallet?

The PIN and device protections reduce that risk, but the actual exposure depends on device design, firmware and whether a passphrase is used.

The answer

The PIN and device protections reduce that risk, but the actual exposure depends on device design, firmware and whether a passphrase is used.

What to do next

Treat theft as a security incident; restore on a trusted replacement and consider moving to fresh keys.

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