A recent report has shown that a Reddit user with code “OkLet5529” has been conned of his crypto holdings which was worth around 1,000,000 USD kept in his Trezor Wallet.
At the filing of this report, the victim claimed that the Federal Bureau of Investigation is already making necessary findings on the stolen funds. He further appealed to all crypto experts to work cooperatively towards bringing the swindlers to book.
The charlatans, who were believed to have perpetrated the act, successfully made away with Bitcoin, Ethereum, and Litecoin, worth over 1,000,000 USD, revealed the Victim.
However, the victim averred that he got to realize that the Trezor website, which he logged into, was sham, shortly after he had contacted blockchain sleuth Chinalysis.
These kinds of fraud acts, happens on illegitimate websites created by fakers, with logos and designs belonging to the legitimate websites, explained the victim.
A similar event had earlier took place on the 1st July, 2018, after those in the support team began receiving inquiries about an invalid SSL certificate.
Even though the attack vectors used in orchestrating the event are yet to be revealed,there were proofs that it could be BGP hijacking or DNS poisoning.
Nonetheless, the victim took time to charge crypto enthusiasts to remain cautious and watch out for dubious cryptocurrency websites.
How You Can Recognize The Original Trezor Wallet
At first, you’ll have to look for the secure sign on your browser, most browsers issue a note of warning if the certificate appears invalid.
Ensure to always verify all operations on your Trezor device and be sure to double-check the displayed device and what is written on it.
Do not share any sensitive or private data with a third party, SatoshiLabs, inclusive as they’ll not request for your recovery seed. Howbeit the susceptibility of hardware wallets owners falling into scam can prevented, if they adhere strictly to the instructions guiding the security of the wallets.
It has however been proven, that many users fail to put these measures into consideration.
The Ledger Event
Sometime last week, a cryptocurrency trader, who doubles as a member of the Stacking Ventures group, took to Twitter to explain how about 1 million USD worth of Crypto assets were ripped off his Ledger wallet.
The trader disclosed that an intruder broke into his wallet and made away with his crypto holdings despite the fact that the wallet is appropriately secured.