Major new crypto wallet phishing campaign targets Trezor users

Date:
Thu, 02 Mar 2023 22:01:35 +0000

Description:
Trezor users are being scared into giving away their seed phrases, which crooks can use to clear out their accounts.

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A new phishing campaign hs been discovered targeting cryptocurrency hardware wallet firm Trezor.

These wallets allow crypto users to store their funds offline, rather than in a hot wallet (a mobile or desktop app), or with a third party (an exchange, a custodial service, or a lending/borrowing firm). Hardware wallets, also known as cold wallets are generally perceived as a much safer way to store cryptocurrencies, compared to the alternatives.

That also means that whoever is serious about cryptocurrencies (and has a substantial amount) will probably hold it in cold storage, making Trezor
users an attractive target for cybercriminals. "Securing" a breached wallet

In this new campaign, Trezor users started receiving SMS messages warning
them of a data breach at the company, and urging them to secure their devices immediately. The SMS message also comes with a hyperlink that the victims should visit.

"Trezor Suite has recently endured a security breach, assume all your assets are vulnerable. Please follow the security procedure to secure your assets: [link]," the message reads.

Whoever visits the link will see a fake Trezor website with the message Your assets might be at risk! and a Start button where users can secure their assets. The first step in this process is to enter the recovery seed. Read more

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The recovery seed, usually a string of either 12 or 24 words, is used to restore a wallet, in case the old device is stolen or destroyed. Whoever has the seed phrase can restore the wallet and gain full access to the funds. So, if the victim ends up entering this information in the phishing page, theyre essentially giving the attackers full access to their wallet, which they can later use to clear out any and all funds in the account.

Trezor was alerted to the new campaign and took to Twitter to warn its customers that it's being impersonated , and not to fall for the trick. The company also said that its not aware of any new data breaches, so the attackers have most likely obtained Trezor users emails in the previous MailChimp incident. Check out the best firewalls right now

Via: BleepingComputer



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Link to news story: https://www.techradar.com/news/major-new-crypto-wallet-phishing-campaign-targe ts-trezor-users


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