Trezor T Crypto Wallet Hacked by Cybersecurity Firm Unciphered

Trezor T Crypto Wallet Hacked by Cybersecurity Firm Unciphered


US-based cybersecurity firm Unciphered claims to have hacked into a Trezor T hardware crypto wallet by exploiting a hardware vulnerability, but the old vulnerability has already been addressed by Trezor, and nobody else has so far hacked the updated version of the hardware wallet with its new firmware.

The US-based cybersecurity company Unciphered states to have successfully hacked into a Trezor T hardware cryptocurrency wallet by exploiting a hardware vulnerability.

The breach of our  trending hardware wallet was created possible by physically taking apart the device using highly specialized tools.

The cracking of the hardware wallet would, to put it another way, only work if the attacker had physical possession of it, likewise as access to advanced tools and knowledge.

Unciphered, which specializes in recovering locked cryptocurrency in cases where for example passphrases are lost or forgotten, stated they used their own “in-house exploit” method that allowed them to extract the wallet’s firmware.

This sooner or  thereafter enabled them to crack the necessary pin code and seed phrase, thus getting access to the funds stored on the device, the company claimed.

Trezor T is one of the most trending cryptocurrency hardware wallets in the market today, and is made by Czech Republic-based company Satoshi Labs.

The entire process to extract the seed phrase from the Trezor was released on YouTube by Unciphered:

As the latest information of the hack broke, members of the cryptocurrency community on Twitter platform were quick to point out that a similar hack was likewise carried out in 2019 by specialists at the hardware wallet maker Ledger.

Between those who pointed that out was Rodolfo Novak ( likewise known as NVK), a veteran in the Bitcoin (BTC) community who is likewise the CEO of the Bitcoin (BTC) hardware wallet maker Coinkite.

Reports by Unciphered, on the other hand, the old vulnerability has already been addressed by Trezor, and nobody else has so far hacked the updated version of the hardware wallet with its new firmware.

In the meantime, others on Twitter platform took the chance to question the advice given out by some past week to move funds from Ledger hardware wallets to Trezor over concerns related to Ledger’s new – and optional – “Recover” program.

“[…] if you have [a Trezor] you can keep it just make sure you have a strong passphrase and keep it up to date,” our  trending cryptocurrency influencer Udi Wertheimer said.

Addressing the latest information of the hack, Trezor’s chief technology officer Tomáš Sušánka stated in a media statement that the attack “ seems to be a vulnerability was known an RDP downgrade attack […].”

He also mentioned that this was communicated on the company’s blog in early 2020, and pointed out that these types of attacks “require physical theft of a device and incredibly sophisticated technological knowledge and advanced equipment.”



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