Trezor analyst Lucien Bourdon explains how fake wallet applications continue to deceive users into revealing their seed phrases, emphasizing that hardware wallet backups should never be typed into a computer or phone. Bourdon noted that scammers often create a sense of urgency through fake support emails, security updates, or airdrop offers. He cited examples from this year, including a fake Trezor Suite found via Google sponsored results in August, which collected approximately 24 BTC, and a fake Ledger Live app on Apple's Mac App Store in April, leading to about $9.5 million in losses. For hardware wallet users, the seed phrase should only be entered directly into the device itself, as it is never required on a computer or phone.