Bitcoin Developer James Lopp Has a Warning for Trezor Wallet Owners After One User's Alleged Loss of Funds

Libra Coin News
Fri, 10/04/2019 - 19:06
Alex Dovbnya
James Lopp urges Trezor wallet owners to bookmark the company’s website after one user allegedly falls victim to typosquatting
Cover image via U.Today

Cypherpunk and Bitcoin developer Jameson Lopp has taken Twitter to warn his followers about the practice of typosquatting (when bad actors make barely noticeable changes in the domains of popular websites). In such a way, they want to lure in unsuspecting victims.

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His “security notice” came on the heels of a post on r/Bitcoin whose author allegedly lost his Bitcoin funds, asking whether his hardware wallet was hacked. One Redditor explained that he was most likely redirected to a fake Trezor website due to a typo.

Lopp encourages Trezor owners to bookmark instead of manually typing the site’s name when there is a need to access your funds.

However, the OP claims that he visited a genuine website. Hence, it appears that typosquatting wasn’t the problem, but it’s unclear whether his story is legitimate.

What’s your take on this story? Feel free to leave a comment!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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