Trezor, a popular hardware wallet for storing cryptocurrencies, has seen a massive increase in sales despite the recent disclosure of a vulnerability in its “T” model. According to the company, sales have skyrocketed by 900% since the news broke.
The vulnerability in question was discovered by security researchers at Kraken Security Labs. They found that the Trezor “T” model was vulnerable to a type of attack known as a “side-channel attack.” This type of attack involves analyzing the electromagnetic radiation emitted by the device to extract sensitive information such as private keys.
While this vulnerability is concerning, it’s important to note that it requires physical access to the device and specialized equipment to carry out the attack. In other words, it’s not something that can be done remotely or easily.
Trezor has acknowledged the vulnerability and released a firmware update to address it. They have also stated that they are working on further improvements to their security measures.
Despite this news, Trezor sales have continued to soar. This is likely due to the fact that Trezor is still considered one of the most secure hardware wallets on the market. It has a strong reputation for security and has been used by many cryptocurrency enthusiasts and professionals for years.
Additionally, the fact that Trezor has been transparent about the vulnerability and has taken steps to address it may have actually increased trust in the company. By acknowledging the issue and taking action to fix it, Trezor has shown that they take security seriously and are committed to protecting their users’ assets.
It’s also worth noting that the cryptocurrency market as a whole has been experiencing a surge in popularity and adoption. As more people invest in cryptocurrencies, the demand for secure storage solutions like Trezor is likely to increase.
Overall, while the discovery of a vulnerability in the Trezor “T” model is concerning, it’s important to keep it in perspective. Trezor remains a highly secure option for storing cryptocurrencies, and the company’s response to the issue has been commendable. As the cryptocurrency market continues to grow, it’s likely that demand for hardware wallets like Trezor will only continue to increase.
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- Source: https://zephyrnet.com/trezor-sales-spike-900-even-as-exploit-of-t-model-is-revealed/