Trezor reduces resellers as a ‘preventative step’ amid Ledger tampering reports
CCO Danny Sanders said he had notified certain hardware wallet resellers that they would be removed from Trezor’s list of authorized entities starting Jan. 1.
Hardware wallet company Trezor announced it would reduce its number of resellers to take a "preventive step" following reports of malicious implants in devices made by competitor Ledger. Trezor's chief commercial officer, Danny Sanders, notified certain resellers that they would be removed from the company's list of authorized entities starting Jan.
1 and that shipments of Trezor devices would halt from Tuesday. The company's spokesperson emphasized that their devices had not been compromised, but noted the unique nature of the implant found in a Ledger device sold by reseller CryptoBilis, which read information displayed on the screen and transmitted it to an attacker. Ledger is currently investigating fund losses linked to the incident, with blockchain sleuths estimating losses between $72 million and $86 million.
The company has not confirmed the number of affected users or total losses. Trezor advised users to purchase products directly from the company, inspect product seals, and consider using multisignature wallets with devices from different manufacturers.
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