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Trezor’s Security Breach: A Phishing Scam, Not a Lack of Protection

Security Breach Summary

On March 19, Trezor’s Twitter account was hacked and used to promote a fake cryptocurrency presale. The hacker posted a link to a website that stole users’ funds.

Trezor’s Response

Trezor regained control of the account and published a preliminary report addressing concerns. They emphasized that the breach was not due to a lack of security measures, but rather a sophisticated phishing scam.

The Phishing Scam

The hacker posed as a credible entity from the crypto industry and contacted Trezor’s PR team. Over several days, they built trust and scheduled a call.

During the call, the hacker sent a malicious link disguised as a Calendly invite. When a Trezor team member clicked the link, it redirected them to a page that requested their Twitter login credentials.

The hacker gained access to the account and posted the fake presale posts.

Impact of the Breach

The hacker stole a small amount of funds: $8,100 from the wallet drainer and 0.96 SOL (around $162) from the fake presale address.

Conclusion

Trezor’s security measures remain intact. The breach was the result of a sophisticated phishing scam that bypassed their defenses. The crypto community’s vigilance and the suspicious nature of the unauthorized posts helped prevent a larger heist.