Ledger
Trezor discloses TROPIC01 chip flaw in Safe 7 wallet
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Trezor has revealed a vulnerability in the TROPIC01 secure element chip used in its Safe 7 hardware wallet. The company said the issue does not put user funds at risk.
Threat actors are mailing physical letters impersonating Trezor and Ledger to trick cryptocurrency hardware wallet users into revealing recovery phrases. The letters create urgency by claiming mandatory checks are required to avoid losing wallet access. Victims scanning included QR codes are directed to phishing sites that steal their wallet information.
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French cryptocurrency hardware wallet maker Ledger is preparing for an initial public offering in the United States, potentially as soon as this year. The company, valued at $1.5 billion in 2023, could reach over $4 billion in the IPO, according to reports citing unnamed sources. CEO Pascal Gauthier has emphasized the appeal of New York as a hub for crypto investments.