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Trezor Reduces Authorized Resellers After Ledger Wallet Incident

Trezor, a hardware wallet manufacturer, plans to reduce its authorized reseller network due to reports of malicious hardware implants in Ledger wallets. The move aims to strengthen supply-chain security and protect cryptocurrency users. Trezor will stop supplying certain resellers and remove them from its authorized list starting January 1. The incident, involving an implant that reads screen information without changing firmware, affected users in Southeast Asia and Europe, with estimated losses of $72 million to $86 million. Trezor advises customers to purchase wallets directly from its website and inspect security seals before opening packages, and recommends using multisignature setups with devices from different manufacturers to reduce the risk of compromised devices gaining control over funds.

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