Trust Wallet Hack: $7M Compromised, Investigation Initiated
NewsA detailed report on the Trust Wallet Chrome extension hack, its impacts, and the response from key figures including Binance’s Changpeng Zhao (CZ).
- Trust Wallet’s Chrome extension was hacked, leading to a $7M loss.
- Binance founder CZ announced investigation into update submission.
- Trust Wallet plans to fully compensate affected users.
Trust Wallet experienced a breach of its Chrome extension (v2.68) on December 24-26, 2025, resulting in $7 million in user fund losses, fueled speculation of insider involvement.
The incident underscores potential insider threats in cryptocurrency security, raising concerns about user protection and transparency in wallet operations, as Binance commits to covering the losses.
Trust Wallet’s Chrome browser extension was compromised between December 24-26, 2025, resulting in approximately $7 million in user funds being drained. The hack targeted version 2.68 of the extension, prompting urgent user updates.
The key players include the Trust Wallet team, who reported the incident on their official X account (TrustWallet updates on compensations and user safety protocols). Binance founder CZ confirmed the losses and indicated an ongoing investigation into how the update was submitted.
Hundreds of wallets were affected, with nearly $2.8 million remaining in hacker wallets while over $4 million was sent to cryptocurrency exchanges. This incident struck a blow to user confidence in crypto wallet security.
PeckShieldAlert reported on-chain data indicating significant unauthorized transactions, spreading concern among users regarding their fund safety. Trust Wallet committed to full compensation to maintain user trust.
“So far, $7m affected by this hack. @TrustWallet will cover. User funds are SAFU. Appreciate your understanding for any inconveniences caused. 🙏 The team is still investigating how hackers were able to submit a new version.” – Changpeng Zhao (CZ), Founder, Binance
Blockchain investigator ZachXBT tracked the funds, revealing insights into the extent of the breach. The incident highlighted potential security vulnerabilities within browser extensions.
Security experts suggest that insider knowledge might have facilitated this breach, pointing to potential regulatory scrutiny (AndrewMohawk tweets about recent scams affecting crypto investors). The case draws comparisons to previous supply-chain attacks involving malicious code modifications.
More From Crypto News
Aster (ASTER) Rises 4.88% in 24 Hours: What the Data Shows
Aster (ASTER) is trading at $0.655837, up 4.88% over the past 24 hours, according to CoinGecko data as of 19:13 UTC on November 11, 2026.
Bitcoin Misses Stock Rebound as ETF Outflows Hit Day Four
Bitcoin failed to follow a broad equity rebound on November 11, trading near $73,993 while Nasdaq-100 futures climbed 1.7% after CoreWeave posted an earnings be...
OCC Clears Coinbase National Trust Company for Crypto Custody
The OCC issued its decision in CD-1370 , formally authorizing Coinbase National Trust Company to operate as a federally chartered trust bank focused on digital-...
Reported Ankr Ethereum Bridge Drain Exceeds $303,000, The Defiant Says
The Ankr Ethereum Bridge was drained of more than $303,000 in an exploit carried out across five transactions.
Binance CFO Steps Down After Reported Hack, Co-CEO Cites Planned Transition
Binance’s chief financial officer has stepped down, the exchange confirmed, with the departure landing nine days after the platform suffered what has been descr...
US Treasury Takes Action Against MEXC Over Alleged $16B in Sanctions-Linked Transactions
The Treasury press release identifies MEXC as the subject of the action and ties the exchange to transaction flows connected to three sanctioned or adversarial...
