AI · Decrypt
Trezor Cuts Its Resellers After Ledger Flags Spy Implant in Crypto Wallets
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Trezor is cutting its network of authorized resellers, telling partners their authorization ends on January 1, 2027, days after rival hardware wallet manufacturer Ledger started an investigation that eventually confirmed a hidden spy implant in crypto wallets sold through a third-party store.
Key facts
- If you are receiving this letter, your authorization ends on 1 January 2027
- Trezor is cutting its network of authorized resellers, telling partners their authorization ends on January 1, 2027, days after rival hardware wallet manufacturer Ledger started an investigation
- In August, shipping partner ShipMonk exposed Trezor customer data after unauthorized access, and Trezor's September update put the total at 80,689 customers
- Forcing the casing open can damage the device, and if it’s a Safe 7, the built-in battery makes that genuinely risky
Summary
Trezor told partners their reseller authorization ends January 1, 2027, and that it will ship them no new stock, saying there is no evidence its devices were compromised. Ledger's Donjon team says wallets sold by Southeast Asian reseller CryptoBilis held an implant that captures recovery phrases from the screen and sends them over LTE. Onchain investigator Specter traced more than $86 million in suspected thefts, a figure Ledger says it has not verified. The company announced the move on X on Tuesday, saying “there is not a single piece of evidence” that Trezor devices have been compromised.