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Market News

Trezor X Account Compromised in Suspected Hack

Written By:
Ezra Kaimenyi

Last updated: March 21, 2024 2:50 PM
Published March 20, 2024 11:15 AM
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Last updated: March 21, 2024 2:50 PM
Published March 20, 2024 11:15 AM
Trezor X Account Compromised in Suspected Hack

The hardware wallet manufacturer Trezor’s official X account was compromised, likely due to a SIM swap attack. The hacker posted fraudulent messages promoting fake token sales and wallet scams.

ZachXBT alerted the community of the suspected breach on March 19. The posts from Trezor’s compromised account advertised a fake “$TRZR” token presale on the Solana network, urging users to send funds to a malicious Solana wallet address. 

Additionally, the hacker referenced a new memecoin called Slerf, seemingly as a tactic to increase engagement.

Community alert: Trezor X/Twitter account is currently compromised pic.twitter.com/hNm2OUjEgE

— ZachXBT (@zachxbt) March 19, 2024

While the likely scam posts were swiftly removed, the hacker managed to steal approximately $8,100 from Trezor’s Zapper account.

Crypto commentator John Holmquist criticized Trezor for potentially failing to implement two-factor authentication (2FA) to secure its X account, underscoring the importance of robust security practices.

Trezor, which has sold over two million hardware wallets since its inception in 2012, experienced a previous security breach in January, exposing the contact information of nearly 66,000 users. The company currently offers three hardware wallet products capable of storing over 9,000 coins offline.

This event reminds the crypto community to stay vigilant and prioritize strong security measures, particularly for prominent companies handling sensitive financial information.

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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