Trezor Hardware Wallet Hacked, $8,100 Stolen in Cyberattack

Cybercriminals recently targeted Trezor, a leading hardware wallet provider, in a sophisticated hack that resulted in the theft of at least $8,100. The breach was initially discovered by renowned on-chain detective ZachXBT, who raised an alert about suspicious activities on Trezor’s social media account. Reports indicate that fraudulent messages promoting a fake presale of a token called “$TRZR” on the Solana Network were circulated to Trezor’s followers.

These messages directed users to send funds to a specific Solana wallet address, leading them to websites equipped with wallet drainers. The hackers also mentioned Slerf, another memecoin on the Solana network, in an attempt to increase engagement and attract unsuspecting users to malicious contracts.

Despite Trezor acting swiftly to remove the posts and address the situation, the hacker managed to extract an estimated $8,100 from Trezor’s Zapper account. Scam Sniffer, a platform dedicated to identifying crypto scams, confirmed ZachXBT’s findings shortly after the warning was issued.

The incident, although involving a relatively small amount, received significant criticism, particularly due to Trezor’s reputation as a security company. Jon Holmquist, a crypto security researcher, described the breach as a “major L for Trezor.”

Founded in 2012 by SatoshiLabs, Trezor is a leading provider of secure hardware wallet solutions for storing and managing cryptocurrencies and digital assets. With over two million devices sold worldwide, the brand is known for its Secure Element chip technology. However, recent events have highlighted vulnerabilities, including XSS in older Trezor Connect versions, CSRF issues in Dropbox integration, and missing path isolation checks.

This is not the first time Trezor has faced security threats. Earlier this year, the company issued a warning about malicious emails sent to users from an impersonated Trezor team email, directing them to a phishing site to enter their seed phrase.

The breach occurred shortly after Trezor announced two new products at the Bitcoin Amsterdam conference, marking a significant expansion of their product lineup despite the challenges faced.