Cryptocurrency wallet company Trezor reported on Friday a suspected hardware implant in a device sold by Malaysian reseller CryptoBilis, urging customers to move their funds and take appropriate security steps.
No Loss of Funds Yet
Trezor stated on X that it received a responsible disclosure from a customer involving a single Safe 5 device sold by CryptoBilis.
The company said that it hasn’t received the device for forensic examination, but it considers the customer’s account credible based on the details provided.
“No CryptoBilis buyer has reported a loss of funds to us,” Trezor mentioned.
What Happens Next?
Trezor urged the customers who purchased Trezor devices through CryptoBilis since March 2026 to immediately move funds to a new wallet using a fresh seed phrase.
Customers who have not initialized their device were advised not to set them up.
Trezor said it removed CryptoBilis from its authorized reseller network following reports involving tampered devices from rival company Ledger.
Big Challenge for Crypto Security?
Ledger confirmed an unauthorized hardware implant in at least one device sold through CryptoBilis, while on-chain researchers have estimated that more than $86 million in cryptocurrency was stolen.
The issue emerged amid heightened attention on cryptocurrency security. Binance, the world’s largest cryptocurrency trading platform, reported a major security incident late Thursday that is estimated to have caused roughly $6.3 billion in losses.
Price Action: As of this writing, BTC is down 3% in the last 24 hours to $77,731, according to Benzinga Pro.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.