Trezor is cutting authorized resellers after a hardware-implant attack against rival Ledger exposed vulnerabilities in cryptocurrency wallet distribution.

In an Oct. 13 letter, Trezor Chief Commercial Officer Danny Sanders said selected partners would lose their authorization on Jan. 1, 2027, as the company tightens oversight of its supply chain.

The decision marks an escalation in the commercial fallout from the Ledger investigation, which has raised questions about how attackers can introduce malicious components into hardware wallets before they reach customers.

Trezor said it found no evidence of compromised devices within its network, describing the restructuring as a preventive measure.

Sanders said the company could no longer adequately inspect every partner in its existing distribution network, prompting a review of which retailers should remain authorized. He wrote:

“A hardware wallet is only as safe as the path it travels to reach its owner.”

The company evaluated individual markets based on revenue, distribution coverage, and its ability to reach customers before deciding which partnerships to terminate.

Affected retailers will receive no additional inventory but can continue selling existing stock through the Black Friday and Christmas shopping seasons. Trezor will also remove them from its authorized reseller directory on Jan. 1.

The company did not disclose how many businesses would lose authorization or which markets would be affected.

Sanders acknowledged that the decision could have significant financial consequences for smaller retailers that have built their businesses around Trezor products.

However, he stressed that the restructuring did not reflect wrongdoing by the affected partners or concerns about the safety of their existing inventory.

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