SAFE | Crypto

Trezor and Tropic Square disclosed a TROPIC01 chip vulnerability found during a Ledger Donjon audit, saying the Safe 7 wallet and user funds remain secure. Hardware wallet company Trezor and chipmaker Tropic Square have disclosed a vulnerability in one of the secure elements used in Trezor Safe 7 hardware wallet, saying the flaw does not put user funds at risk because the chip alone cannot expose a wallet. The vulnerability was identified during an independent security audit conducted by Ledger Donjon, the security research team at rival hardware wallet maker Ledger, according to a Trezor statement. Tropic Square provided the affected TROPIC01 Secure Element chip to the Ledger Donjon team for an independent audit. The companies said compromising TROPIC01 alone would not be enough to access a user’s wallet, PIN or funds. Read more

JPMorgan CEO Jamie Dimon has denied that the bank has engaged in politically driven “debanking,” as crypto executives, Trump allies, Democrats and regulators debate Operation Chokepoint 2.0, de-risking, compliance with subpoenas and ongoing congressional probes. The post JPMorgan CEO Drops Debanking Bombshell: “We Cut Republicans and Democrats” – No One’s Safe appeared first on Cryptonews.

Trezor said its new Safe 7 device anticipates a post-quantum future even as crypto thefts are set to hit record highs.

Safe, formerly Gnosis Safe, has launched a subsidiary called Safe Labs to develop enterprise-grade self-custody solutions based on its smart contract wallet infrastructure. Safe, a crypto self-custody company previously known as Gnosis Safe, has launched a subsidiary, Safe Labs, to build enterprise-grade self-custody solutions. According to a June 5 announcement shared with Cointelegraph, Safe Labs is a commercial subsidiary wholly owned by Safe. It will focus on building institutional products using Safe Smart Accounts, a modular smart contract-based wallet system. “The future of Web3 depends on giving users absolute confidence in their digital sovereignty,” said Lukas Schor, co-founder of Safe and president of the Safe Ecosystem Foundation. “With Safe Labs, we’re building the infrastructure to make that possible — enterprise-grade, secure and intuitive by design.” Read more