SatoshiLabs, the company behind Trezor hardware wallets, has provided a detailed account of a recent security incident involving its official X account. Here’s what happened:
It was determined that the breach was caused by a sophisticated phishing attack, not a SIM swap attack as initially suspected. Despite SatoshiLabs’ use of secure authentication methods, attackers managed to compromise the account.
The attackers posted fraudulent announcements about presale token offerings, urging users to send funds to an unidentified wallet address and directing them to harmful links.
Upon detecting the breach, SatoshiLabs promptly removed the deceptive posts to limit potential damage. Importantly, they emphasized that the security of their hardware wallets and other products remains unaffected.
Investigations revealed that the attackers executed a complex phishing scheme over several weeks. They impersonated a credible entity in the crypto community, engaged in authentic discussions, and eventually gained access to SatoshiLabs’ X account through a malicious link disguised as a calendar invitation.
This incident follows a previous security breach in January, where the contact information of nearly 66,000 users was exposed. Despite these challenges, SatoshiLabs remains committed to ensuring the security of its products.
SatoshiLabs’ transparency regarding the incident highlights their dedication to addressing security concerns and protecting their users. As they continue to investigate and enhance their security measures, users can trust in the integrity of Trezor hardware wallets and other products.
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