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Trust Wallet initiates $7 million compensation process for victims of hacker attack
Summary: According to reports, Trust Wallet has officially launched a compensation process for victims of the security incident involving its Chrome browser extension. The incident, caused by malicious code embedded in version 2.68 of the software, resulted in approximately $7 million in assets being stolen, including various assets such as Bitcoin, ETH, and SOL. Trust Wallet ...
According to reports, Trust Wallet has officially launched a compensation process for victims of the security incident involving its Chrome browser extension. The incident, caused by malicious code embedded in version 2.68 of the software, resulted in approximately $7 million in assets being stolen, including various assets such as Bitcoin, ETH, and SOL. Trust Wallet CEO Eowyn Chen stated that leaked Chrome Web Store API keys allowed attackers to bypass internal release checks and push out malicious updates. Monitoring by PeckShield shows that over $4 million of the stolen funds have flowed to centralized exchanges such as ChangeNOW, FixedFloat, and KuCoin. Binance founder CZ confirmed on X platform that Trust Wallet will cover the full $7 million loss to ensure user fund security. Affected users are required to submit an application form through the official portal containing wallet addresses, transaction hashes, and other information.
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