Do you store your cryptocurrencies on Trezor? If so, please, pay attention, because your cryptocurrencies may not be safe. One of the biggest and most successful cryptocurrency exchanges, Kraken, recently posted a video on its blog as well as on Twitter showing how to hack Trezor.

According to Kraken Security Labs, two models, the Trezor One and the Trezor Model T are vulnerable to attacks. More worryingly, the team managed to break into this device in less than 15 minutes. All that was needed was a few hundred dollars spent on various equipment and technical know-how. The team also pointed out that the device that could help with such hacking could be sold for less than $ 75 in the future. But don't worry! There still are ways you can protect yourself if you have cryptocurrencies stored on Trezor One or Trezor Model T. The easiest way is not to let anyone access your device. This is the only way that any hacker or attacker can get into your device. The second way is to secure your device using the BIP39 passphrase. That protection is kept outside the device and therefore does not allow anyone to break into it. According to Kraken Security Labs, even the Trezor team should have been aware of the problem. In 2019, a similar hack was attempted by the Ledger team, which, like Kraken Security Labs, was successful. However, Trezor states that this kind of attack cannot be performed remotely and is not considered to be a serious problem.