TL;DR
- A recent hack of Trezor’s official Twitter account has raised concerns in the crypto community, questioning the company’s security.
- A SIM-swap attack involved the promotion of a fake token presale, resulting in fund loss.
- The community’s response has been critical of Trezor, raising doubts about its integrity as a crypto service provider.
The recent hack of Trezor’s official Twitter account, a renowned hardwallet manufacturer, has sparked concern within the crypto community and raised questions about the company’s security practices.
The incident, suspected to be a SIM-swap attack, involved the posting of fraudulent messages promoting a fake token presale called “Trezor $TRZR” on the Solana network. These messages urged users to transfer funds to an unknown wallet address, resulting in the loss of approximately $8,100 from Trezor’s Zapper account.
🚨 Alert 🚨
We experienced a security incident on our X/Twitter account overnight, despite robust protections including a strong password and 2FA. We continue to investigate.
Please remain vigilant and remember, Trezor will NEVER request funds or assets be sent to any address.…
— Trezor (@Trezor) March 20, 2024
The community’s reaction to this hack has been varied but generally critical and disappointed with Trezor. Many have expressed concern over the lack of adequate security measures, such as two-factor authentication (2FA), on the company’s Twitter account. This security lapse raises questions about the integrity and reliability of the company as a crypto service provider.
Trezor Integrity as a Company Has Been Seriously Questioned
Trezor is a prominent figure in the hardware wallet market. Since its inception in 2012, the company has sold over 2 million devices and provides offline storage for over 9,000 cryptocurrencies. However, the hacking of their Twitter account underscores the ongoing challenges faced by crypto service providers in terms of security. It is crucial for these companies to constantly improve their security protocols to protect users’ assets and maintain trust within the community.
In response to the hack, Trezor has taken steps to mitigate the damage and swiftly removed the fraudulent messages from their Twitter account. Additionally, the company has reaffirmed its commitment to security and promised to thoroughly investigate the incident to prevent future similar attacks. However, the hack raises doubts about the effectiveness of the company’s current security measures and highlights the need for increased vigilance and diligence in protecting users’ assets.
