Trezor to sharply cut its authorized resellers after reports of physically modified Ledger wallets
Crypto hardware wallet maker Trezor will significantly reduce the number of its authorized resellers as a precaution. The decision follows malicious physical modules being found in devices in the supply chain of rival Ledger.
Trezor, a maker of cryptocurrency hardware wallets, has announced that it will significantly reduce the number of authorized resellers of its devices as a precaution. Hardware wallets are dedicated devices used to store access to cryptocurrencies. The decision follows recent incidents in the supply chain of its competitor, Ledger.
What happened with Ledger devices
Ledger operates in the same industry as Trezor. According to the source, malicious physical modules were found in some of its devices. They were designed to intercept recovery phrases. A recovery phrase is a sequence of words that can be used to regain access to a crypto wallet.
Trezor's position
Trezor stresses that, so far, no case has been identified in which wallets made by the company were compromised. By narrowing the circle of authorized resellers, the company aims to limit possible supply chain risks as a precaution. Trezor's commercial director, Denny Sanders, also commented, but the available part of the source does not include what he said.