Trust Wallet Security Incident What Actually Happened
There was a confirmed security incident involving Trust Wallet, with reported losses exceeding $7M.
Important context: this was not a blockchain exploit and not a mass drain of all Trust Wallet users.
A key update: CZ confirmed that affected users will be compensated, which materially reduces the impact for those involved.
What we know so far
The issue is linked specifically to Trust Wallet browser extension v2.68
Mobile only users were not affected
Other extension versions were not impacted
v2.69 is the patched release
What to do now
If you used extension v2.68, disable it and update to v2.69 immediately
If that wallet ever held significant funds, consider moving to a fresh wallet
If you only use the mobile app, no action is required
Important clarification This isn’t an argument against software wallets.
It’s a reminder that browser extensions carry higher risk for long-term storage.
Better practice:
Extensions → daily use, small balances
Long term holdings → mobile wallet used sparingly or hardware wallet
Don’t rush decisions out of fear
Never enter seed phrases anywhere
Initial headlines were alarming, but the details matter.
This was a contained incident, not a system-wide failure.
Stay calm.
Protect your keys.
Fear spreads faster than facts.
