Trust Wallet Hack

There was a confirmed security incident related to Trust Wallet.

Users reportedly lost $7M+ worth of crypto, but context matters.

This was not a blockchain hack and not a mass drain of all Trust Wallet users.

Important update:

Changpeng Zhao (CZ) posted on X confirming that impacted Trust Wallet users will be covered for losses. That significantly reduces downside risk for affected users.

What we know so far:

• Losses are linked to the browser extension version 2.68

• Mobile-only users are NOT affected

• Other extension versions are NOT affected

• Version 2.69 is the patched update

What to do if you use Trust Wallet:

✅ If you used the browser extension 2.68 → disable it and update to 2.69 immediately

✅ If that wallet ever held meaningful funds → consider moving to a fresh wallet

✅ If you only use the mobile app → no action needed

Important clarification:

This doesn’t mean “never use software wallets.”

It means browser extensions are higher risk for long-term storage.

Better practice: • Extensions → daily use, small balances

• Long-term holdings → mobile wallet used rarely or hardware wallet

• Never rush moves out of fear

• Never paste seed phrases anywhere

When I first saw this news, my energy dropped and my heart started racing too.

After reading the details and CZ’s confirmation it’s clear this is a scoped incident, not a system-wide failure.

Stay calm.

Protect your keys.

Fear spreads faster than facts.