Trezor Falls Victim to Cyberattack; Fake Token Offerings Advertised, $8.1k Stolen
Summary:
Trezor, a notable hardware wallet maker, was recently targeted by cybercriminals who fraudulently used its platform to advertise fake token presale offerings, potentially as a result of a SIM-swap attack. Blockchain investigator ZachXBT and Crypto security platform Scam Sniffer both alerted the public about this breach. The attackers also managed to steal approximately $8,100 from Trezor's Zapper account. This comes on the heels of a security breach in January, impacting contact details of nearly 66,000 users. Critics are now scrutinizing the company's security measures and its failure to secure its own social media accounts.
Renowned hardware wallet maker, Trezor, has fallen victim to a malicious cyberattack. The infiltrators utilized the official Trezor platform to advertise false presale token offerings, likely as a result of a SIM-swap attack. Respected blockchain investigator, ZachXBT, alerted his substantial X following of the possible breach through an X post dated March 19. Shortly thereafter, the online Crypto security initiative, Scam Sniffer, also identified the questionable activities.
The cybercriminals used Trezor's platform to promote a counterfeit Trezor "$TRZR" presale token on the Solana networks. They tricked users into sending funds to a Solana wallet, along with providing links leading to wallet drainers. According to ZachXBT, the attackers successfully pilfered around $8,100 from Trezor's Zapper account.
The miscreants also used the platform to promote a new memecoin called Slerf on Solana, likely to boost further interaction. Not long after their appearance, many of these malicious posts were deleted.
Crypto observer and X user, John Holmquist, labeled Trezor's recent security breach a severe loss. He criticized the hardware wallet provider, suggesting that they may not have enabled two-factor authentication (2FA) to secure their X account.
Others, including X user Pledditor, pointed out the irony of a company focused on security failing to protect its social media accounts. One X user, DigitalHustlerX, emphasized the humor and embarrassment in their failure to practice their security preaching.
Despite efforts to contact SatoshiLabs - the parent company of Trezor - no immediate response was given. This latest incident follows a security breach in January, compromising the contact details of roughly 66,000 users. The company's record since its inception in 2012 includes the selling of over two million hardware wallets. Currently, Trezor offers three products, collectively able to store over 9,000 coins offline for users.
Published At
3/20/2024 6:40:56 AM
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