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Beware of Phishing Scams: Trezor Warns Users

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On February 28, according to the official Twitter, the manufacturer of cryptocurrency hardware wallet Trezor reminded users to beware of phishing scams. The at…

Beware of Phishing Scams: Trezor Warns Users

On February 28, according to the official Twitter, the manufacturer of cryptocurrency hardware wallet Trezor reminded users to beware of phishing scams. The attacker contacted the victim via phone, SMS or email, claiming that their Trezor account had security vulnerabilities or suspicious activities. In addition, Trezor said that there was no evidence of any database leakage, and the team would never contact users by phone or SMS.

Trezor reminds users to beware of relevant phishing scams

Interpretation of the news:


Trezor, the manufacturer of cryptocurrency hardware wallet, has warned its users to remain vigilant against phishing scams. In a tweet posted on February 28, the company advised its customers to be wary of attackers who may try to dupe them into divulging sensitive information. The scam usually involves the attacker contacting the victim via phone, SMS, or email, and claiming that their Trezor account has security vulnerabilities or suspicious activities. The attacker may then request sensitive information like passwords or seed phrases, under the guise of fixing the problem.

The warning from Trezor is timely, as phishing scams are a major threat to cryptocurrency owners. Scammers use various tactics to trick unsuspecting users into handing over their private keys, passwords, or seed phrases, which they can use to steal their funds. According to a report by Chainalysis, phishing scams accounted for 23% of all cryptocurrency-related hacks in 2020, up from just 4% in 2017.

Trezor’s warning is also noteworthy because it clarifies that the company will never contact its users by phone or SMS. This is an important caveat, as many phishing scams involve attackers posing as legitimate companies or customer support representatives. By establishing this policy, Trezor is sending a clear message to its users that they should be cautious of any unsolicited communications claiming to be from Trezor.

Moreover, Trezor emphasized that there is no evidence of any database leakage, dispelling any fears of a data breach. This statement assures users that their funds and personal information are safe, and the warning against phishing scams is merely a precautionary measure.

In conclusion, the warning issued by Trezor is a timely reminder for cryptocurrency owners to remain vigilant against phishing scams. As the value of cryptocurrencies continues to increase and more people enter the space, scammers are increasingly turning to phishing as a way to steal funds. By being aware of these threats and taking precautionary measures, users can protect themselves from falling victim to these scams.

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