Is Your Hardware Wallet Safe? Eric Savics Becomes Victim of Malicious KeepKey Wallet

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • A popular host of “Protocol Podcast” Eric Savics has lost around 12 BTC in a phishing attack.
  • Since 2013, Savics was investing in Bitcoin and have KeepKey Bitcoin client on his wallet.
  • Further, the Podcast host shared another tweet that briefed about the issue.

A popular host of “Protocol Podcast” Eric Savics has lost around 12 BTC in a phishing attack. He shared on Twitter concerning if the stolen Bitcoin could be retrieved again. However, Savics downloaded an incorrect version of the KeepKey wallet that made him lose almost all of his Bitcoin worth $113,000.

From Past Seven Years Savics Saving His Bitcoin Stock

Moreover, Savics is seeking help from the community. Responding to his tweet Jameson Lopp, an expert and CTO from Casa cautioned, do not enter a seed phrase into a computer.

Since 2013, Savics was investing in Bitcoin and have KeepKey Bitcoin client on his wallet that he decided to download the associated app on his smartphone. When he downloaded the app and entered his recovery phase, his bitcoin holdings transferred to hackers.

Further, the Podcast host shared another tweet that briefed about the issue. The community supported Savics and proposed suggestions for further action. A user expressed sympathy for Savics saying to share his BTC address to get some BTC balance on the account.

Is Your Hardware Wallet Safe? 

Besides this, when Pierre Rochard, a Bitcoin strategist at Kraken, asked Savics about how he realized the wallet is a fake. Savics shared an image, which was the screenshot of the fake KeepKey Wallet that had a wrong spelled phrase.

Last week the leading crypto exchange ShapeShift that operates KeepKey wallet warned their users about fake KeepKey apps available in Google Chrome Store. The exchange further cleared that they never ask for a 12-word recovery phrase. If anyone asks for this, then definitely it’s a scam.

The same issue also reported in the Netherlands, where a Dutch investor lost 34,300 euros after visiting a fake site. That was exactly similar to the official website of a Dutch Bitcoin Exchange, Bitvavo.

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