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Trezor X Account Hacked, Shills Fake Crypto

Last Updated March 20, 2024 8:04 AM
Teuta Franjkovic
Last Updated March 20, 2024 8:04 AM
By Teuta Franjkovic
Verified by Peter Henn

Key Takeaways

  • Trezor’s official X account was compromised, likely due to a SIM swap attack, and used to promote a fake token presale.
  • ZachXBT and crypto security firm Scam Sniffer identified the fraudulent activity, preventing wider user losses.
  • Despite compromising Trezor’s account, the hacker only managed to steal a paltry $8,100.

Trezor’s official Twitter account was compromised , leading to the publication of malicious posts about fraudulent presale token offerings.

This incident is believed to be the result of a suspected SIM swap attack.

Presale Scam Uncovered by ZachXBT and Scam Sniffer

Blockchain investigator ZachXBT  alerted his 528,000 followers to a potential security breach at Trezor with a post on March 19. Shortly after that, crypto security firm Scam Sniffer  flagged the same suspicious activity.

Fraudulent messages from Trezor’s official account promoted a non-existent “$TRZR” token presale on the Solana network, deceiving users into sending funds to a specific Solana wallet and directing them to malicious links designed to drain their wallets.

SatoshiLabs company, that is behind Trezor, stated  it is currently working on a blog post that describes how the attack happened and what the countermeasures are.

Social Media Account Shills Fake Tokens, Steals Peanuts

Additionally, ZachXBT reported that the hacker managed to steal  approximately $8,100 from Trezor’s Zapper account.

He said :

“Imagine hacking the Trezor account only to steal $8.1K (includes 25% drainer fee).”

The malicious posts also mentioned a new memecoin on Solana named Slerf , probably to attract more attention. Nonetheless, these posts were quickly deleted shortly after being posted.

Crypto commentator and X user John Holmquist termed  Trezor’s recent security mishap as significant, criticizing the hardware wallet maker for apparently neglecting to implement two-factor authentication (2FA) for its X account. He urged: “Please take account security more seriously.”

X user Pledditor highlighted  the irony in a security-centric hardware wallet company failing to secure its own social media account.

X user DigitalHustlerX remarked  on the difficulty, humor, and shame in the company not following its own security advice.

66,000 Users Exposed Before, Recovery Seed Phishing Risk Highlighted

On January 17, Trezor discovered  unauthorized access to a third-party support portal. The company revealed that users who had engaged with Trezor’s support team since December 2021 might have had their data compromised in this breach.

Despite the breach being unconfirmed, Trezor felt obligated to alert potentially affected users about the exposure of their contact details and the consequent phishing risks.

The attacker sent direct email messages to at least 41 users, soliciting sensitive information about their recovery seeds. Additionally, contact details of eight individuals who had created accounts on a trial discussion platform offered by the same third-party vendor were compromised.

To address this, Trezor has contacted all 66,000 individuals potentially affected to inform them of the situation.

Since its founding in 2012, Trezor has sold over two million hardware wallets , as stated on the company’s website. The firm offers three products that enable users to store over 9,000 different coins offline.

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