RATE Group | Bitcoin Investors Be Aware: Kraken Finds Way to Hack Into Trezor Hardware Wallets
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Bitcoin Investors Be Aware: Kraken Finds Way to Hack Into Trezor Hardware Wallets

31 Jan Bitcoin Investors Be Aware: Kraken Finds Way to Hack Into Trezor Hardware Wallets

Posted at 17:43h in Bitcoin News by

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The security research team at Kraken has found a way to hack into the popular Trezor bitcoin hardware wallet. In merely 15 minutes with physical access to the device, the team extracted seeds from the wallet.

Only works if hacker has physical access to the wallet

According to Kraken Security Labs, breaking into a Trezor wallet is possible through the usage of cheap equipment. By conducting a voltage glitch-based attack, hackers can extract keys from the wallet and therefore withdraw funds from it.

“This attack relies on voltage glitching to extract an encrypted seed. This initial research required some know-how and several hundred dollars of equipment, but we estimate that we (or criminals) could mass produce a consumer-friendly glitching device that could be sold for about $75,” the team explained.

For a hacker to carry out such an attack, it requires the right equipment and knowledge to break into a hardware wallet. Still, when a hardware wallet is lost, if the private keys…

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