Amid the expanding trend toward self-custody, the CEO of hardware #wallet  manufacturer #Trezor Matej Zak, has highlighted the most relevant development vector for the company so far — enhancing usability to significantly increase the number of users over the next few years.

Speaking to Cointelegraph at the #BTC Prague 2023 conference on June 9, Zak said: “Educate hard and build simply” is Trezor’s most relevant strategy in developing its hardware wallets amid the growing demand for self-custody.

#crypto2023 #BinanceTournament

Trezor, a hardware #wallet provider, recently acknowledged that a security breach involving their third-party email service resulted in a series of fraudulent emails being sent to their customers over the last 12 hours.
On January 24, #Trezor issued a statement revealing that they had identified an unauthorized email, which falsely claimed to be from the company, disseminated by a third-party email service they use.
The deceptive email, sent from "noreply@trezor.io," falsely instructed users to update their "network" or face the risk of losing their funds.
The email contained a link leading to a website that asked users to input their seed phrase.
Trezor has reported no instances of users losing funds due to this phishing scam, and there are no indications that any Trezor users have been duped by this fraudulent scheme.

Trezor Says it Has Deactivated the Malicious Link
Trezor has informed its customers that they have effectively neutralized the harmful link and assured them that their funds are secure as long as they haven't entered their recovery seed.
"We rapidly disabled the malicious link in the email, significantly reducing the threat's potential impact!"
However, Trezor has advised customers who did input their recovery seed to move their funds to a new wallet immediately.
According to Trezor's ongoing inquiry, an unauthorized party accessed their email address database, primarily used for newsletters, and then sent the fraudulent emails using a third-party email service.
Recently, on January 23, MailerLite, an email marketing software company, reported a security breach. This incident led to a spate of phishing emails exploiting the branded domains of various companies, including Cointelegraph, WalletConnect, and Token Terminal.
It remains uncertain whether Trezor uses the same email domain provider as those affected.
Digital asset attorney Joe Carlasare recounted his experience of receiving the phishing email in a post, labeling it as a “sophisticated scam.”
Exploring the Link Between Support Portal Breach and Recent Hack
There is speculation that the recent #cyberattack might be connected to a prior security breach involving Trezor's support portal, where the personal information of approximately 66,000 users was exposed on January 17.
Despite this breach, the company has stressed that no recovery seed phrases were compromised as a result of the incident. At that time, Trezor, the hardware wallet provider, took immediate action to limit unauthorized access and has been actively reaching out to affected users.
It's important to highlight that this is not the first instance where Trezor has encountered attempts to compromise user assets. Despite its reputable standing in the cryptocurrency hardware wallet industry, Trezor has faced various security challenges in recent years.
In February of the previous year, Trezor issued a warning to users about a phishing attack designed to deceive investors into disclosing their recovery phrase on a counterfeit Trezor website.
Additionally, in May, the cybersecurity firm Kaspersky reported the emergence of a counterfeit hardware wallet posing as a genuine Trezor product. This deceptive device used a substituted microcontroller to gain access to a user's private keys, enabling fraudsters to steal funds.

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

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In the fast-changing world of cryptocurrencies, keeping your investments safe is crucial. Recent months have seen many scams and fraudulent activities in the crypto industry, causing investors to lose millions of dollars. To protect your assets, it’s vital to use a hardware crypto wallet because it works offline and provides high security.
Trezor’s New Self-Custody Hardware Wallets
Trezor, a major company from the Czech Republic known for its hardware crypto wallets, is marking its 10th anniversary with the release of three self-custody products. These wallets not only protect your crypto holdings but are also user-friendly.
The three new Trezor wallets are:
1. Trezor Safe 3: This wallet is designed for beginners and supports over 7,000 cryptocurrencies.2. Proprietary Private Key Backup Solutions: This wallet comes with exclusive private key backup solutions.3. Bitcoin-Only Wallet: A dedicated wallet exclusively for Bitcoin.
Surge in Crypto Scams Boosts Popularity of Hardware Wallets
As of October 12, 2023, and amidst ongoing crypto exploits in recent weeks, the crypto world is feeling the impact of scams. In September 2023, a staggering $330 million was reported lost in crypto due to these scams, as noted by Todayq News.
Beyond Trezor, another hardware crypto wallet provider, Ledger, a French company, has teamed up with PayPal, a major payment platform, to offer a secure entry point for crypto investors. In 2022, sales of hardware crypto wallets surged in response to growing exploits and scams, making investors more mindful of this essential tool in the cryptocurrency realm.
Back in 2021, the pro-Bitcoin advocate Jack Dorsey revealed plans for his company, Square, to launch a hardware crypto wallet, although only a prototype has been created thus far. Market research estimates the global hardware crypto market’s worth at $245 million, with expectations to reach $3.6 billion by 2031.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoMarket #Bitcoin #CryptoNews #Trezor #TrezorWallet

Technology company #Blackberry famously known for its mobile phones, through its research and intelligence division, has issued a warning about a cyber attacker targeting Mexican crypto exchanges and banks with high revenues. According to Blackberry, attackers primarily target companies in Mexico with annual revenues exceeding $100 million.
In its report, Blackberry identified an attack that aimed to steal sensitive data from
banks and #cryptocurrency services using the open-source remote access tool
AllaKore RAT. The attackers use AllaKore RAT to infiltrate computer systems and
databases of target companies, disguising themselves behind legitimate naming
and links to avoid detection. Blackberry stated:
"The modified version of AllaKore RAT allows attackers to send stolen banking login credentials and unique authentication information back to their command and control server (C2) for financial fraud purposes."

Attacks Targeting High-Revenue Companies
Blackberry emphasized that the attackers are focusing on large companies with annual revenues over $100 million, which are under the Mexican Social Security
Institute (IMSS).
Most attacks were traced back to IP addresses belonging to Mexico Starlink. Moreover, Blackberry revealed that due to the use of Spanish instructions in the modified AllaKore RAT, it is likely that the attacker is based in Latin America.

Newer versions of AllaKore RAT follow a more sophisticated installation process, where the software is delivered to the targets in a Microsoft software installer and is activated only if the victim is located in Mexico.

Threat Not Limited to Financial Sector

The threat is not limited to just banks and cryptocurrency services but is also used
against large Mexican corporations from various industries, including retail,
agriculture, public sector, manufacturing, transport, commercial services and
capital goods.

Increase in Successful Phishing Attacks

Cyber attacks conducted through phishing are continually increasing in frequency and success. Recently, contact information for nearly 66,000 users of #Trezor
hardware wallets was leaked. In response, Trezor emphasized that the financial
assets of the users were not compromised, and their devices are as secure as
before. At least 41 users received direct emails from the attacker requesting
sensitive information about their recovery seeds.

Given the numerous data breaches across the crypto ecosystem, investors are advised to be cautious and refrain from sharing sensitive information unless it is reliably verified.

 

Notice:
,,The information and views presented in this article
are intended solely for educational purposes and should not be taken as
investment advice in any situation. The content of these pages should not be
regarded as financial, investment, or any other form of advice. We caution that
investing in cryptocurrencies can be risky and may lead to financial losses.“

A cryptocurrency wallet type called a “cold storage wallet” is made to keep private keys offline, adding an extra degree of protection against viruses, hacking, and other security risks. To access and control cryptocurrency holdings, one needs private keys. Cold wallets increase the difficulty of hostile actors accessing your digital assets by holding them offline.
In this article, we will discuss the various types of cold storage wallets, along with their respective pros and cons.

1. Ledger Nano X-
Many people choose the Ledger Nano X cold hardware wallet for storing different cryptocurrencies, including Bitcoin, Ethereum, and other altcoins. It comes after the Nano S as the newest model in the Nano line.
A security-certified chip and a unique operating system on the Ledger Nano X provide enhanced security by preventing hackers and other potential risks from accessing your private keys. To protect your account, it uses a PIN code and a recovery phrase. With Nano X, you can manage your cryptocurrency holdings from any internet-enabled location by connecting it to your computer or mobile device via Bluetooth or a USB cord. The Nano X has a small display screen as well, which facilitates transaction confirmation and device navigation.
Additionally, Nano X makes it simple to store, send, and receive various cryptocurrencies by enabling the use of many cryptocurrency applications. It uses a 24-word recovery seed phrase that in the event that the device is misplaced, stolen, or breaks, will enable you to get your money back. All things considered, the Ledger Nano X cold storage wallet is one of the greatest hardware wallet choices available because of its strong security, adaptable use, and easy-to-use design.

2. Keepkey-
Another excellent option for a cold storage wallet is KeepKey. Unlike Ledger, which offers a variety of shiny models, KeepKey only offers one cold wallet device, but this one-dimensional approach to the product is quickly justified when you take into account that KeepKey is an all-in-one package with support for nearly all popular cryptocurrencies worldwide and its own standalone application.
To ensure your security, it has PIN protection and a 12-, 18-, or 24-word recovery phrase, depending on your preference. Additionally, it is the most transaction-friendly cold wallet available. Its programs let you conduct transactions, and its special interface lets you plan transactions ahead of time. KeepKey is the best option if you want to purchase a single cold storage wallet that takes care of everything.
3. Coldcard-
The goal of the Bitcoin hardware wallet ColdCard is to offer the best security possible for storing Bitcoin and Bitcoin alone. For those who are ardent supporters of Bitcoin and would rather hang onto their coins for extended periods of time, ColdCard is the ideal choice. With the newest ColdCard cold storage wallet, the ColdCard mark4, you can start storing your Bitcoin safely without ever using a computer. It makes use of the Bitcoin blockchain’s inherent PSBT (BIP174) algorithm.
It features an internal tamper-proof mechanism that erases the device’s memory if it detects an attempt to hack into it, along with a PIN code system. Because ColdCard can better meet Bitcoin’s unique criteria, its concentration on the cryptocurrency allows it to offer a high degree of security.
4. Bitbox02-
BitBox02, another cold storage wallet made and maintained by Shift, focuses only on how small it is and how well it works with the USB-C connector that it comes with. But this does not imply that the wallet’s other features are at risk. For instance, Shift has made the source code of their BitBox02 wallet publicly available as proof of their capacity to maintain security. Nobody has been able to complete this challenge to date, despite numerous attempts to crack it.
5. Trezor Model T-
A refined take on the original Trezor One wallet, the Trezor Model T is designed to be as intuitive as possible. With its color touchscreen display of 240 by 240 pixels, the Model T’s menus and settings are simple to use.
The Model T is compatible with a variety of devices, including desktops, laptops, smartphones, tablets, and mobile devices that connect to it by USB or Bluetooth.
More than 1,000 cryptocurrencies are supported by the Trezor Model T, including various altcoins and ERC-20 tokens in addition to all of the major cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Ripple.
Even for those who are unfamiliar with hardware wallets, the Model T boasts an intuitive user interface. If you have never used cold storage before, the Trezor Model T is an excellent place to start.

#Ledger #Keepkey #Bitbox #Trezor #Coldwallet