Trezor
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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A cryptocurrency investor lost over $282 million in Bitcoin and Litecoin after scammers impersonated Trezor support to steal a recovery seed phrase. The theft, revealed on January 16, 2026, by investigator ZachXBT, involved 1,459 Bitcoin and 2.05 million Litecoin stolen on January 10. The attacker laundered funds through Thorchain and converted them to Monero, causing the privacy coin's price to surge 36%.