Cybersecurity Firm Unciphered Hacks Popular Trezor T Crypto Wallet The breach of the popular hardware wallet
was made possible by physically taking apart the device using highly
specialized tools.
Cracking of the hardware wallet would, in other words,
only work if the attacker had physical possession of it, as well as access to advanced
tools and knowledge.
Unciphered, which specializes in recovering locked crypto in cases where
for instance passphrases are lost or forgotten, said they used their own
“in-house exploit” method that allowed them to extract the wallet’s firmware.
This eventually
enabled them to crack the necessary pin code and seed phrase, thus getting access to the funds stored on the device,
the firm claimed.
Trezor T is one of the most popular crypto hardware wallets in the market today,
and is made by Czech Republic-based company Satoshi Labs.
As the news of the hack broke, members of the crypto community on Twitter
were quick to point out that a similar hack was also carried out in 2019 by experts at the hardware
wallet maker Ledger.
Among those who pointed that out was
Rodolfo Novak (also known as NVK), a veteran in the
Bitcoin community who is also the CEO of the Bitcoin hardware wallet maker
Coinkite.
According to
Unciphered, however, 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.
