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Trezor says hackers targeted users via a fake security alert

The hardware wallet maker said the scam email claimed a hardware flaw could expose users’ recovery phrases.

Reported · Written up by our desk · Market Structure

Trezor, the hardware wallet maker, said hackers breached its email provider and used the access to target users with a fake security alert, according to Decrypt.

The alert alleged there was a hardware issue that could expose users’ recovery phrases, a key element used to restore a wallet.

Trezor’s statement focuses on the phishing angle, indicating the incident was carried out through email rather than a verified compromise of its devices.

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