Crypto Hardware Wallets Face New Security Threats
Recent personal data thefts put crypto owners at risk.
1Threats to Crypto Hardware Wallets
Recent personal data thefts have exposed crypto hardware wallet owners to new security risks. Data breaches at shipping partners of companies like Trezor and SafePal led to the theft of thousands of customers' personal information, including names, home addresses, email addresses, and phone numbers.
2Rise in Physical Attacks
Hackers have been targeting high-net-worth crypto holders by obtaining their home addresses and launching physical attacks. These attacks, known as wrench attacks, involve forcibly obtaining the seed phrase stored on the wallet. CertiK reported a 75% increase in such attacks in 2025, with losses exceeding $40 million.
3Phishing Dangers
Trezor and SafePal have warned customers about phishing attacks, which involve sending targeted messages to phone numbers or email addresses to steal crypto assets. The companies advise customers to remain vigilant and take additional security measures to protect their information.
4Blockchain Security Vulnerabilities
Earlier this month, a security vulnerability was discovered in Coinkite's Coldcard hardware wallets. Hackers guessed the offline-generated seed phrases and stole over $130 million in cryptocurrency. This incident highlights that even hardware wallets are not entirely secure.
5Importance of Seed Phrases
The seed phrase is the most critical piece of information for controlling crypto assets. If compromised, attackers can irreversibly take control of a person's crypto holdings. Therefore, securely storing seed phrases is of utmost importance.
6Companies' Preventive Measures
Trezor and SafePal have advised customers to enhance their security measures following the data breaches. The companies have added additional security layers and are conducting awareness campaigns to protect customers from phishing attacks.
7Security Challenges in the Crypto Industry
The crypto industry is continuously developing new measures to address security vulnerabilities. However, hackers' evolving methods increase the industry's security challenges, requiring crypto owners to remain more cautious.
8Conclusion and Recommendations
Crypto hardware wallets are still considered one of the best security options. However, recent attacks show that even these wallets are not entirely secure. Crypto owners must take additional steps to protect their personal information and enhance their security measures.
Original article: cybersecurity | TechCrunch — Kripto Donanım Cüzdanları Güvenlik Tehdidi Altında