Cryptocurrency recovery firm Unciphered has found a way to physically hack Trezor’s popular Trezor T crypto hardware wallet. Portal reports CoinDesk.
“We exploited a hardware vulnerability in the STM32 chip that allowed us to reset the internal flash memory and one-time data to gain access,” the engineers said.
The Unciphered team showed that they can hack the Trezor T wallet they got from CoinDesk. As a result, experts successfully got a seed phrase (a phrase of 12 or more English words arranged in a strictly defined order – “socialbites.ca”) and a pin code, thereby bypassing all wallet protection.
Trezor accepted the possibility of such an attack. A spokesperson for the hardware wallet manufacturer said they were unaware of Unciphered’s attempt to contact them directly.
A Trezor spokesperson added, “Attacks like this require physical theft of the device and advanced hardware as well as highly advanced technological expertise.”
In the past, many crypto experts have recommended hardware wallets as a safer place to store assets rather than on exchanges.
Unciphered concluded that Trezor was aware of the vulnerability in the Trezor T model, but has done nothing to fix it since the first attempt to make the risk public three years ago.
In April, 37-year-old Roman was on a ride on the Moscow metro. lost crypto wallet in the form of a USB flash drive where $100,000 worth of cryptocurrency is stored, according to the man.