Trezor X Account Hacked In A Suspected Sim-Swap Attack

• Trezor’s official X account (formerly Twitter) got hacked, promoting fake token sales and directing users to send Solana token (SOL) to unknown wallets.
• The breach raised concerns about Trezor’s security practices, especially after a previous incident in January.
• Despite selling over 2 million hardware wallets, Trezor faces criticism for the security lapse on its social media platform.

In a recent turn of events, the official Twitter account of Trezor, a prominent hardware wallet manufacturer, fell victim to a suspected security breach. 

The breach involved disseminating fraudulent posts, urging users to participate in a questionable token presale, and directing them to transfer funds to an unknown Solana wallet address. 

The incident, suspected to be the result of a SIM-swap attack, has raised concerns about the security measures employed by Trezor to safeguard its social media presence.

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Fraudulent Posts And Suspicious Activity

Independent blockchain analyst ZachXBT alerted his sizable following on Twitter to the suspected breach of Trezor’s official account on March 19. 

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

— ZachXBT (@zachxbt) March 19, 2024

The compromised account issued a series of posts promoting a spurious token presale named “Trezor $TRZR,” purportedly on the Solana network. 

Users were encouraged to transfer funds to a Solana wallet address, accompanied by links leading to potential wallet-draining schemes.

Furthermore, the hacker reportedly siphoned approximately $8,100 from Trezor’s Zapper account, highlighting the severity of the breach. 

Despite attempts to promote engagement by mentioning a new meme coin called “Slerf,” many fraudulent posts were swiftly removed shortly after publication, indicating efforts to mitigate the damage.

Reactions From The Crypto Community

The incident has sparked reactions across the crypto community, with individuals expressing disappointment and criticism towards Trezor’s situation handling. 

John Holmquist, a prominent figure within the space, emphasized the importance of robust security measures, suggesting that the absence of two-factor authentication (2FA) might have contributed to the breach.

Critics have pointed out the irony of a security-focused hardware wallet provider failing to secure its social media account, with sentiments ranging from disbelief to reproach.

Its brand image is kinda compromised ,too

— PRIMEtoMOON (@NearOct) March 19, 2024

Pledditor, a user on the X platform, encapsulated the sentiment by labeling the situation as simultaneously “hard, funny, and shameful.”

Trezor’s Response And Previous Security Incidents

Despite these setbacks, Trezor remains a prominent player in the hardware wallet market, having sold over 2 million devices since its inception in 2012. 

The company’s product line includes three offline storage offerings for more than 9,000 cryptocurrencies, underscoring its significance within the digital asset ecosystem.

The breach of Trezor’s official Twitter account underscores the ongoing challenges faced by cryptocurrency service providers in maintaining robust security measures. 

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With the prevalence of sophisticated cyber threats such as SIM-swap attacks, it is imperative for companies to continually assess and enhance their security protocols to safeguard user assets and uphold trust within the community. 

As the investigation into the incident unfolds, stakeholders remain vigilant, emphasizing the importance of diligence and resilience in navigating the evolving landscape of crypto security.

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