$8,100 Stolen as Trezor’s Twitter Account Hacked to Push Fraud Presale

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$8,100 Stolen as Trezor’s Twitter Account Hacked to Push Fraud Presale
  • Trezor’s Twitter account was compromised by bad actors promoting a fake presale for “TRZR” tokens.
  • Scammers urged participants to deposit Solana tokens, attracting $8,100 in funds.
  • Concerns arise over Trezor’s security measures and reputation as a crypto hardware wallet provider.

The X/Twitter account of Trezor, a major crypto hardware wallet solution provider, has recently been compromised by bad actors promoting fraudulent presales. Prominent crypto surveillance entities, including ZachXBT, have called attention to this development.

Per the disclosure, some fraudsters took over Trezor’s X account a few hours ago and used it to announce a sham presale of supposed “TRZR” tokens. The scammers prompted intending participants of the sham presale to deposit Solana tokens to an address within a 24-hour window. Moreover, they promised a “separate bonus airdrop” for Trezor’s core supporters.

Interestingly, some crypto community members have fallen for the exploit, as crypto investigator ZachXBT disclosed that the fraudulent wallet received $8,100 within the short period of the scam announcement.

Notably, it appears that Trezor has regained access to its compromised X account, as the fraudulent announcements have been deleted. Meanwhile, the Trezor team has not commented on the recent exploit via its X account at press time. As a result, precise details of how the compromise occurred are yet unknown. 

Meanwhile, crypto community members believe the hack likely resulted from Trezor’s failure to implement an appropriate multi-level authentication mechanism. Given Trezor’s status as a crypto security firm, they see the incident as ironic.

Notably, a compromise relating to Trezor has not occurred for the first time. In January, Trezor users received unauthorized emails from an entity impersonating Trezor, utilizing a third-party email provider that Trezor typically uses.

The security firm advised users against engaging with such unsolicited emails to avoid falling prey to scams. In light of this new incident, crypto community members perceive it as potentially affecting Trezor’s reputation as a security firm.

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