• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Trust Wallet has been hacked and the explanation from the platform

February 9, 2023
in Crypto News
0
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Trust Wallet claims that criminals pretended to be traders of Web3 tasks to defraud quite a few other individuals Milan and Barcelona.

Trust Wallet has been hacked and the explanation is two way
Trust Wallet has been hacked and the explanation from the platform

On the evening of February eight, the crypto wallet Trust Wallet announced that there had been an assault on the platform in the previous week, resulting in an estimated reduction of close to $four million.

Related articles

The Account Abstraction wallet caters to billions of users

The Account Abstraction wallet caters to billions of customers

November 24, 2023
What is Jupiter (JUP)?  DEX Aggregator platform on Solana launches nearly 1 million user wallets

What is Jupiter (JUP)? DEX Aggregator platform on Solana launches virtually one million consumer wallets

November 24, 2023

one/ This week, an organized crime unit in Rome stole $four million from one particular of our customers.

It was alleged that the thief “took a picture” of the user’s wallet stability to steal the money.

We have completed investigating the occasions and we think that this is how it occurred… 🧵👇

— Trust – Crypto Wallet (@TrustWallet) February 8, 2023

In a series of Twitter posts, Trust Wallet claimed that the culprit is a criminal organization based mostly in Rome (the capital of Italy), which has carried out quite a few scams in Milan and Barcelona. In all reported situations, victims applied diverse scorching and cold wallet solutions on diverse products and relevant to a quantity of preceding occasions.

They usually declare to be an investor in the Web3 undertaking, insisting on meeting encounter-to-encounter and demanding to see their prey’s scorching wallet or forcing dollars to be sent to a wallet in advance of meeting.

Furthermore, scammers force victims to download malware below the guise of NDA PDF and sent KYC info. From there, get more than the wallet and steal the money. Ahad Shams, a victim unveiled that hackers stole his wallet stability, from which he obtained the personal vital.

a crypto scam stole four million just by taking a display shot of a trusted wallet, with no seed phrases or personal info in sight pic.twitter.com/yOGGbReF1I

— 0xngmi (arc aggregator) (@0xngmi) February 6, 2023

To reassure customers, the wallet vendor confirms that its mobile app extension has been totally vetted by each inner and external events.

The Trust suggests that the neighborhood report this to law enforcement and advise customers on how to guard themselves. But the platform only asks customers to get hold of them when they will need help, but does not provide a clear response approach for the hack. Prior to Trust’s response, quite a few customers had been even now dissatisfied and stored asking inquiries.

After the over info, TWT has not fluctuated also a lot. The value of the token has only dropped almost five% in the previous 24 hrs along with the total marketplace decline and is presently trading close to $one.54.

1675907959 989 Trust Wallet has been hacked and the explanation is two way
TWT/USDT one-hour chart on Binance exchange at 08:50 on 09/02/2023

Recently, The CowSwap platform has also been hackedwith damages estimated in the buy of $200,000.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: ExplanationhackedplatformTrustwallet
Share76Tweet48

Related Posts

AI Bubble and Crypto Bear Market Seen as Cyclical Noise

AI Bubble and Crypto Bear Market Seen as Cyclical Noise

by shark
January 9, 2026
0

Analyzing expert opinions on AI bubble impacts on crypto markets and liquidity cycles.

Zcash Leadership Resignation and Market Impact

Zcash Faces Market Turbulence Amid Mass ECC Resignation

by shark
January 9, 2026
0

The resignation of the entire Electric Coin Company team highlights significant market reactions and governance challenges for Zcash.

Nvidia's $54B Gamble Could Impact Bitcoin Market

Nvidia’s $54B Gamble Could Impact Bitcoin Market

by shark
January 9, 2026
0

Nvidia's $54B GPU orders from China linked to Bitcoin's risk via ETFs.

Bitcoin's $100K Resistance

Bitcoin Faces $100K Resistance Due to Dealer Hedging

by shark
January 9, 2026
0

An analysis of Bitcoin's struggle to surpass the $100K mark due to options market dynamics and macroeconomic factors.

Ethereum Scaling Approach by Vitalik Buterin

Vitalik Buterin’s Ethereum Scaling Strategy Explained

by shark
January 9, 2026
0

Vitalik Buterin outlines Ethereum scaling by focusing on data bandwidth and decentralized applications, akin to Linux.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • AI Bubble and Crypto Bear Market Seen as Cyclical Noise
  • Dogecoin’s Rally Shifts the Market Narrative Toward Apeing as One of the Best New Meme Coins While ApeCoin and PENGU Lag Behind
  • Didn’t Ride the Pepe? APEMARS Presale Is Live as the Next 100x Crypto Presale Opportunity – Don’t Miss 26,500% ROI
  • Zcash Faces Market Turbulence Amid Mass ECC Resignation
  • Nvidia’s $54B Gamble Could Impact Bitcoin Market
  • APEMARS’s Top Meme Coin Presale Live: Secure Stage 2 Before It Sells Out: Don’t Miss 26,500% ROI as Floki Pumps and PNUT Whipsaws
  • Bitcoin Faces $100K Resistance Due to Dealer Hedging
  • After Wintermute’s $107M Bitcoin Move, Chainlink and XLM Wake Up and Apeing Targets Best Upcoming Crypto Status
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7