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Market News

Trezor Issues Security Alert Post Phishing and Data Breach

Trezor confirmed it managed to “deactivate the malicious link” and said user funds remain safe if the user doesn’t enter their recovery seed.

Written By:
Ezra Kaimenyi

Last updated: January 25, 2024 11:24 AM
Published January 25, 2024 11:24 AM
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Last updated: January 25, 2024 11:24 AM
Published January 25, 2024 11:24 AM
Trezor Issues Security Alert Post Phishing and Data Breach

Hardware wallet provider Trezor confirmed that an unauthorized third party gained access to its email distribution list and used it to send phishing emails to Trezor users over the past 12 hours.

🚨 Security Alert 🚨

We've detected an unauthorized email impersonating Trezor sent from a third-party email provider we use.

If you received a suspicious email with the subject line 'Assets undergoing upgrade' from the ID: noreply@trezor.io, please do not click any links or… pic.twitter.com/RqQnQkB4hX

— Trezor (@Trezor) January 24, 2024

“We’ve detected an unauthorized email impersonating Trezor sent from a third-party email provider we use,” Trezor explained. The phishing email from “noreply@trezor.io” misled users into upgrading their “network” or risking losing funds. It provided a malicious link, leading users to enter their seed phrase.

Trezor deactivated the link and assured users their funds would remain protected unless they entered their recovery seed. Those who did are urged to transfer their holdings to a new one immediately.

The unauthorized email impersonating Trezor using our domain addressed subscribers to our newsletter.

If you have not disclosed your 12 or 24-word recovery seed through any online form, your assets remain secure.

If you have entered your recovery seed in any form, particularly…

— Trezor (@Trezor) January 24, 2024

The company’s investigation points to an unauthorized person accessing its newsletter subscriber database. The bad actor used Trezor’s third-party email service to distribute the scam email.

Some speculate this attack relates to a recent security breach exposing contact information for nearly 66,000 Trezor users on January 17th. “No other data were compromised. We immediately restricted access to all unauthorized actors and are now contacting all affected users,” the company stated.

Also Read: Crypto Firm Targeted in Phishing Scam

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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By Ezra Kaimenyi
Ezra, a seasoned content writer, with three years of blockchain experience from various industry projects, offering adept analysis and latest news

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