TREE NEWS update: Foundation Devices said attackers sent more than 23,000 phishing emails to its hardware wallet customers using customer records the company believed were deleted but remained in a legacy database table. Investigators confirmed 19,057 emails were sent via Mailgun and 1,503 via Google Workspace, with the number of affected customers still undetermined. The company said there is no evidence that the Passport hardware wallet or its private keys were compromised, and an investigation is ongoing.
Foundation Devices Reports 23,000+ Phishing Emails Targeting Hardware Wallet Customers
AI take
The breach is a data-retention failure, not a device compromise, which is the more uncomfortable finding for a hardware wallet maker whose pitch rests on operational discipline. The affected group is Foundation's own customer base, and the open question is how many were reached, since the company has not put a figure on it. Whether the legacy table is fully purged and whether the investigation assigns accountability are the next markers; the wallet's key architecture is not the story here.
Generated by AI for reference only.
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