After Ledger's Reseller Breach, Trezor Pares Back Who Can Sell Its Hardware Wallets
Trezor said the cut is a preventive step after recent supply-chain incidents, and it did not say how many resellers are being dropped.
- On Tuesday, Trezor announced it is narrowing its list of authorized resellers, removing Southeast Asian distributor CryptoBilis as a "preventive step, taken out of an abundance of caution."
- This decision follows rival Ledger's investigation into drained wallets traced to malicious hardware implants found in devices sold by CryptoBilis in Southeast Asia four days prior.
- Trezor stated there is "not a single piece of evidence that its devices have been compromised," and emphasized its setup checks are built to catch counterfeit hardware and modified firmware.
- A Trezor spokesperson advised users to purchase products directly from the company, "checking the seal is intact," and consider multisignature wallets so one compromised device cannot move funds independently.
- The company noted it managed two breaches at outside vendors this year, including shipping provider ShipMonk, which affected 80,689 customers, though Trezor confirmed its own systems remained unaffected.
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20 Articles
Trezor reduces authorized resellers after reports of malicious implants in Ledger portfolios; losses can reach $86 million
Trezor Trims Reseller Network Following The Ledger Scandal
Trezor, one of the world’s top hardware wallet providers, will reduce its authorized resellers. The move comes amid the controversy surrounding its competitor, Ledger, after several users reported stolen assets caused by third-party tampering in its product’s system. Besides the souring public opinion on hardware wallets, Trezor clarified that the Ledger incident had no direct […]
Trezor Cuts Resellers as a Preventive Measure After Ledger Reports
Hardware wallet maker Trezor says it is tightening its retail and reseller footprint after reports of supply-chain tampering involving a competitor. The company moved to reduce the number of authorized resellers “as a preventive step,” even as it stressed there is no evidence its own devices have been compromised. The update follows a fresh wave [...]
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