Trezor

The Trezor hardware wallet account on social network X has become a target for attackers who have been posting enticing posts luring users into fraudulent token offers. This situation raises suspicions of a hack, likely through a SIM card exchange attack.
Detectives on the Trail: Alerting Suspicious Activity
Independent blockchain expert ZachXBT and security service Scam Sniffer have alerted to a potential security issue with Trezor, followed by several fake token presale offers of "$TRZR" and requests to send cryptocurrencies to a suspicious address. ZachXBT further stated that attackers stole approximately $8,100 from the Trezor account on the Zapper platform.

Risks Associated with Unsecured Social Accounts
Criticism has been directed at Trezor for the inadequate security of their X account, highlighting the lack of two-factor authentication (2FA). Ironically, a company focused on wallet security failed to protect its own social network accounts from attacks.
Community Response and Recent Security Incidents
The community's response has been mixed, with some comments pointing out the irony of a security-promoting company being unable to secure its own accounts. Trezor has faced security incidents in the past, including breaches that exposed the data of nearly 66,000 users.
Conclusion and User Recommendations
This incident serves as a reminder of the importance of securing digital accounts and using two-factor authentication. Users should remain vigilant and avoid sending cryptocurrencies to unknown addresses or engaging in suspicious offers.
#trezor #hack

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Trezor's Safe devices are vulnerable, a Ledger team has discovered a vulnerability in Trezor's Safe 3 and Safe 5 devices, according to a report published March 12 on

Site X. Ledger's research team, known as Donjon, discovered a flaw in the microcontroller of Trezor's Safe 3 and Safe 5 models; #Ledger found that despite Trezor's recent security improvements, cryptographic operations could be performed on the microcontroller.
You may know that @Ledger has a dedicated team, @DonjonLedger, that continually conducts open source security research.
@Ledger has a dedicated team, @DonjonLedger, that continually conducts open source security research.
BREAK Ledger Chief Technology Officer (CTO) Charles Guillemette said: We believe that making the ecosystem more secure will help everyone, and that's important as we look to increase adoption of #cryptocurrencies and #digital assets.
#Trezor has already implemented Secure Elements (SE). Secure Elements are chips designed to protect users' PINs and cryptographic secrets, and early Trezor devices could be hacked by modifying the software, allowing attackers to steal users' funds. effectively prevents low-cost hardware attacks, particularly voltage failures, and protects users' funds if the device is lost or stolen;
Trezor confirmed to X that users' funds are safe and no action needs to be taken. However, when asked if the issue could be resolved with a firmware update, the hardware wallet provider said
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A cryptocurrency wallet type called a “cold storage wallet” is made to keep private keys offline, adding an extra degree of protection against viruses, hacking, and other security risks. To access and control cryptocurrency holdings, one needs private keys. Cold wallets increase the difficulty of hostile actors accessing your digital assets by holding them offline.
In this article, we will discuss the various types of cold storage wallets, along with their respective pros and cons.

1. Ledger Nano X-
Many people choose the Ledger Nano X cold hardware wallet for storing different cryptocurrencies, including Bitcoin, Ethereum, and other altcoins. It comes after the Nano S as the newest model in the Nano line.
A security-certified chip and a unique operating system on the Ledger Nano X provide enhanced security by preventing hackers and other potential risks from accessing your private keys. To protect your account, it uses a PIN code and a recovery phrase. With Nano X, you can manage your cryptocurrency holdings from any internet-enabled location by connecting it to your computer or mobile device via Bluetooth or a USB cord. The Nano X has a small display screen as well, which facilitates transaction confirmation and device navigation.
Additionally, Nano X makes it simple to store, send, and receive various cryptocurrencies by enabling the use of many cryptocurrency applications. It uses a 24-word recovery seed phrase that in the event that the device is misplaced, stolen, or breaks, will enable you to get your money back. All things considered, the Ledger Nano X cold storage wallet is one of the greatest hardware wallet choices available because of its strong security, adaptable use, and easy-to-use design.

2. Keepkey-
Another excellent option for a cold storage wallet is KeepKey. Unlike Ledger, which offers a variety of shiny models, KeepKey only offers one cold wallet device, but this one-dimensional approach to the product is quickly justified when you take into account that KeepKey is an all-in-one package with support for nearly all popular cryptocurrencies worldwide and its own standalone application.
To ensure your security, it has PIN protection and a 12-, 18-, or 24-word recovery phrase, depending on your preference. Additionally, it is the most transaction-friendly cold wallet available. Its programs let you conduct transactions, and its special interface lets you plan transactions ahead of time. KeepKey is the best option if you want to purchase a single cold storage wallet that takes care of everything.
3. Coldcard-
The goal of the Bitcoin hardware wallet ColdCard is to offer the best security possible for storing Bitcoin and Bitcoin alone. For those who are ardent supporters of Bitcoin and would rather hang onto their coins for extended periods of time, ColdCard is the ideal choice. With the newest ColdCard cold storage wallet, the ColdCard mark4, you can start storing your Bitcoin safely without ever using a computer. It makes use of the Bitcoin blockchain’s inherent PSBT (BIP174) algorithm.
It features an internal tamper-proof mechanism that erases the device’s memory if it detects an attempt to hack into it, along with a PIN code system. Because ColdCard can better meet Bitcoin’s unique criteria, its concentration on the cryptocurrency allows it to offer a high degree of security.
4. Bitbox02-
BitBox02, another cold storage wallet made and maintained by Shift, focuses only on how small it is and how well it works with the USB-C connector that it comes with. But this does not imply that the wallet’s other features are at risk. For instance, Shift has made the source code of their BitBox02 wallet publicly available as proof of their capacity to maintain security. Nobody has been able to complete this challenge to date, despite numerous attempts to crack it.
5. Trezor Model T-
A refined take on the original Trezor One wallet, the Trezor Model T is designed to be as intuitive as possible. With its color touchscreen display of 240 by 240 pixels, the Model T’s menus and settings are simple to use.
The Model T is compatible with a variety of devices, including desktops, laptops, smartphones, tablets, and mobile devices that connect to it by USB or Bluetooth.
More than 1,000 cryptocurrencies are supported by the Trezor Model T, including various altcoins and ERC-20 tokens in addition to all of the major cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Ripple.
Even for those who are unfamiliar with hardware wallets, the Model T boasts an intuitive user interface. If you have never used cold storage before, the Trezor Model T is an excellent place to start.

#Ledger #Keepkey #Bitbox #Trezor #Coldwallet

Ledger has discovered a security flaw in the Trezor Safe 3 and Safe 5 wallets that could allow users to remotely steal funds.

Ledger has discovered a security flaw in the #Trezor Safe 3 and Safe 5 wallets that could allow users to remotely steal funds.
The microcontroller is vulnerable to power surge attacks, and hackers could modify the firmware and steal private keys.
Trezor's authentication system only checks the protected elements, not the microcontroller, so attacks on the firmware are undetectable.
the latest Trezor Safe 3 and Safe 5 hardware wallets The Safe 3 and Safe 5 hardware wallets have serious security problems, according to a #Ledger report released March 12.
According to the same report, Ledger's security research team, Donjon Donjon, despite Trezor's move to a dual-chip design that includes an EAL6-certified secure element, found numerous vulnerabilities in the wallets that could allow hackers to remotely access user funds.
The flaw occurred despite Trezor's move to a dual-chip design that includes an EAL6-certified secure element. Although the secure element protects the PIN and #private key, Ledger reports that all cryptographic operations are still performed on the microcontroller, making it vulnerable to power surge attacks.
Trezor will release Safe 3 in late 2023 and Safe 5 in mid-2024, and both wallets will be
This update also adds Infineon's Optiga Trust M security element, which is a PIN or encrypted code. This will be a special chip for storing PINs and encrypted secrets; according to research
Leisure, this security element prevents access to sensitive data until the correct PIN is entered. It also blocks hardware attacks such as voltage glitches, which have been used to extract initial phrases from models such as the Trezor One and Trezor T.
However, despite these improvements, according to research by Ledger Donjon, The microcontroller used in
Safe 3 and Safe 5 is labeled TRZ32F429, but it is actually

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#CryptoAdoption #CryptoTrends