Trezor Clarifies Security Breach: Phishing Attack Identified as Cause of Compromised X Account
On March 21, SatoshiLabs, the company behind Trezor hardware crypto wallets, announced that the recent compromise of its X (formerly Twitter) account resulted from a phishing scam and not a SIM-swap attack as earlier suspected.
The hardware wallet also shared that only its X social media account was compromised and guaranteed the safety of all wallets for crypto transactions and storage.
Cryptonews recently reported the breach of Trezor’s X account when popular blockchain and crypto security investigator ZachXBT alerted his 533K followers about the compromise of the hardware wallet page.
Community alert: Trezor X/Twitter account is currently compromised pic.twitter.com/hNm2OUjEgE
— ZachXBT (@zachxbt) March 19, 2024
Soon after, crypto security firm, Scam Snifer, detected the suspicious activity and warned crypto traders to steer clear.
According to SatoshiLab’s detailed report via Medium, the unauthorized access to their X account was identified at 11:53 PM on March 19, scaling past a series of security protocols, including two-factor authentication (2FA) and a strong password.
Read more on cryptonews.com
