Vulnerability in Trezor Wallet Puts Bitcoin Cryptocurrency at Risk

17.02.2024
Vulnerability in Trezor Wallet Puts Bitcoin Cryptocurrency at Risk

Introduction: Trezor Wallet, a popular hardware wallet used to store Bitcoin cryptocurrency, has been found to have a vulnerability that could potentially put users’ funds at risk. This discovery was made by Saleem Rashid, a 15-year-old security researcher from the UK, who has since reported the issue to the Trezor team.

Description of the Vulnerability: The vulnerability lies in the way Trezor Wallet generates recovery seeds, which are used to recover access to users’ funds in case they lose their device or forget their password. According to Rashid, the recovery seeds generated by Trezor Wallet can be guessed by an attacker using a brute-force attack, which involves trying all possible combinations until the correct one is found. This is because the recovery seed is generated using a predictable random number generator, which makes it easier for an attacker to guess the correct sequence of words.

Impact on Users: If an attacker is able to guess a user’s recovery seed, they can gain access to the user’s funds and transfer them to their own wallet. This means that users who have stored large amounts of Bitcoin in their Trezor Wallet are at risk of losing their funds if they do not take immediate action to secure their wallet.

Response from Trezor Team: The Trezor team has acknowledged the vulnerability and has issued a statement advising users to update their firmware to version 1.8.0, which includes a fix for the issue. They have also recommended that users create a new recovery seed using the updated firmware to ensure the security of their funds.

Conclusion: The discovery of this vulnerability highlights the importance of regular security audits and updates for cryptocurrency wallets and other digital assets. As the use of cryptocurrency continues to grow, it is essential that users take steps to protect their funds from potential attacks and vulnerabilities.


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