Trezor Wallet Breach | ETH, XRP, SOL Stolen to MEXC Exchange
A troubling incident has emerged, as unauthorized transfers from a Trezor wallet sent cryptocurrencies to the MEXC exchange. The breach, reported on July 10, 2025, has sparked serious security concerns among users.
What Happened?
An affected user detailed the unsettling experience of finding their Trezor wallet had transferred Ethereum (ETH) and XRP without consent. The user insisted that their seed phrase was securely stored, amplifying the mystery of how the breach occurred. They stated, "I never stored my seed phrase digitally. It was physically secured and never shared."
Unauthorized Transactions Explained
The initial unauthorized transfer involved ETH sent to a wallet tagged "MEXC 16."
Following that, 97.4 XRP was redirected to a known MEXC deposit address.
The user is currently checking for potential theft of Solana (SOL).
Commenters on forums expressed skepticism, with one asking, "If someone had access to your private keys, why not drain the entire wallet?" This raises questions about the nature of the breach. Others speculated on the possibility of a malicious smart contract involving ETH leading to the compromise.
Community Reaction
In online discussions, varied reactions surfaced:
Concerns about security: Many believe the situation indicates a significant security flaw, possibly suggesting the user did face a physical breach.
Technology inquiries: The Trezor Suite Lite app was labeled a "watch-only" tool by some commenters, indicating it shouldn't facilitate unauthorized transactions itself.
Calls for scrutiny: Users warn others to be cautious about their wallet setups, especially regarding potential vulnerabilities associated with third-party apps and services.
The affected user is actively pursuing measures for resolution:
Reporting the incident to MEXC with detailed transaction records.
Filing a police report in the Netherlands.
Monitoring related wallets through Etherscan and similar platforms.
Completing full KYC on MEXC, aiming to freeze the compromised account.
What's Next for Crypto Security?
This incident highlights vulnerabilities not only in Trezor hardware but across the crypto wallet landscape. Experts anticipate louder demands for comprehensive audits among hardware wallet manufacturers. Comments such as, "Has anyone else faced unauthorized transactions before?" reveal a growing fear within the crypto community and call for shared user experiences to strengthen security measures.
Key Insights
✦ The user asserts they maintained strict security protocols and acquired the wallet from official sources.
✦ Doubts remain over the security of the Trezor Suite Lite app.
🚩 Ongoing investigations may reveal more about wallet security and user trust.
As developments unfold, users are encouraged to share their experiences to fortify the community against potential breaches. The intersection of security and trust remains crucial in this evolving crypto environment.