trezor, a leading provider of cryptocurrency hardware wallets, recently issued a warning on social media platform X about a possible scam. The company alerted its users to the existence of an investment platform called Trezor Group, which falsely claims to be affiliated with the cold wallet producer.
trezor, a leading provider of cryptocurrency hardware wallets, recently issued a warning on social media platform X about a possible scam. The company alerted its users to the existence of an investment platform called Trezor Group, which falsely claims to be affiliated with the cold wallet producer.
The warning was prompted by several customer support tickets received by Trezor that highlighted confusion among users. SatoshiLabs, the parent company of the wallet maker, emphasized that it has no affiliation with the Trezor Group. The company emphasized that it will never request funds or assets from its users and urged them to remain vigilant against possible scams.

Trezor’s advice underlines the importance of users being cautious and verifying the authenticity of platforms and requests. In the fast-paced cryptocurrency space, scams and fraudulent activities are becoming increasingly sophisticated, making it critical for users to stay informed and be skeptical of unsolicited requests for money or personal information.
The company reminds users to always check official channels for updates and to be wary of platforms or people who claim to be officially affiliated with Trezor or SatoshiLabs.
This situation serves as a reminder of the current challenges in the cryptocurrency industry, where scam losses amounted to $3.94 billion in 2023, a 53% increase compared to $2.57 billion in 2022. And that’s just In the U.S., meanwhile, overall investment fraud rose 37% to $4.56 billion from $3.3 billion.