Bear Market Blues: Bitcoin Hardware Wallet Trezor Could Lay Off 10% Staff

The bear market has been hardest on crypto accessory providers. Ledger and Trezor produce hardware wallets. The added security of a hardware wallet may be a hard sell to people who already feel they’ve invested in a losing asset, and nowhere is this more evident than in Ledger’s declining sales and recent news that it’s considering layoffs up to 10% of its 200-strong workforce. Ledger May Lay off 20 Support Staff According to Presse Citron, a French outlet, Ledger is currently considering laying off 20 people in its support division but hasn’t pulled the trigger yet. Ledger has been versatile

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News – CCN

Ledger & TREZOR Official Response

From Ledger, "At the 35th Computer Chaos Congress in Leipzig, Dmitry Nedospasov, Thomas Roth and Josh Datko gave a presentation called, where they tried to demonstrate that Hardware Wallets were vulnerable to several types of attacks. Concerning Ledger, they presented 3 attack paths which could give the impression that critical vulnerabilities were uncovered on Ledger devices. This is not the case."

TREZOR's manufacturer SatoshiLabs responded to the vulnerabilities on Twitter, saying "With regards to #35c3 findings about @Trezor: we were not informed via our Reponsible Disclosure program beforehands, so we learned about them from the stage. We need to take some time to fix these and we'll be addressing them via a firmware update at the end of January."

SatoshiLabs also responded in their subreddit with slightly more detail, "Per my latest information (I am not present at the conference), we were not informed about this vulnerability via our Responsible Disclosure process, and therefore we are working with the information as it arrives. We will address this vulnerability as soon as possible, though we will need some time. Until then, you can mitigate it by using a passphrase (make sure to learn how it works first, as in case of passphrase-loss your funds are irrecoverable), or by making sure you do not lose physical access to your device. To exploit the vulnerability, the attacker needs to have physical access to your device — directly to its board."

Of interest, neither manufacturer was notified of these vulnerabilities prior to it's disclosure on stage at CCC through their responsible disclosure programs so have been caught unaware. SatoshiLabs and Ledger will both be patching their devices by the end of January.

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Bitcoin – The Currency of the Internet

satoshi labs (maker of trezor wallet) controls 5% of the lightning network capacity. Hail to the king!

Get a trezor and control your keys, so you will be ready when lightning use is widespread and bitcoin's value has gone up by another order of magnitude.

Satoshi labs is killing it. Control of private keys is the backbone of bitcon's value proposition, and they and other hardware wallet manufacturer's make it easy. But trezor was first and best, so hail to the king!

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Bitcoin – The Currency of the Internet

Trezor to Implement Bitcoin Cash Addresses (

After seeming to be outright hostile to incorporating Cashaddr, a way to distinguish easily between bitcoin core and bitcoin cash addresses, popular hardware cold storage wallet company Trezor confirmed its integration is on the way.
Also read: Crypto History Part 1: 400 Million Billion Billion, Beer, and a Murderous Plot
Cold Storage Wallet Maker Trezor to Integrate…