Crypto hardware wallet owners face fresh security risks after recent spate of personal data thefts | TechCrunch
2026-08-17 08:00Cybersecurity🔥 30.9 heat score
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Recent data breaches at two logistics companies have put cryptocurrency owners using physical hardware wallets at risk of having their funds stolen. Manufacturers of Trezor and SafePal reported that thousands of customers’ personal information and shipping details were compromised in data breaches by shipping partners. Hackers did not attack the offline wallets themselves but instead used the obtained names and addresses of high-net-worth individuals to carry out “wrench attacks,” forcibly obtaining the hardware wallets that stored seeds through brute-force methods. CertiK confirmed that the number of such attacks increased by 75% in 2025, and Chainalysis reported that approximately $30 million was lost this year. Additionally, the Coinkite Coldcard hardware wallet suffered a code vulnerability, allowing hackers to directly steal over $130 million in cryptocurrencies offline; victims claimed that despite proper operation, hardware defects still led to the loss of their funds.