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$TWT dropped 4% before rebounding to the $0.8 level following news of the Trust Wallet hack, with reported losses now reaching $7M.

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Are Trust Wallet users really safe after the browser extension security breach? CZ (Changpeng Zhao) stated that around $7 million was impacted in the Trust Wallet extension incident and confirmed that all losses will be fully covered. He reassured users that funds remain SAFU, while investigations are ongoing to determine how the compromised version was released. According to CZ, the team is actively addressing the issue to prevent similar incidents going forward. $TWT

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Funds gone after a wallet update? ⚠️ On-chain investigator ZachXBT reports that multiple Trust Wallet users have experienced fund drains following a recent Chrome extension update. Trust Wallet has confirmed a security incident affecting version 2.68 and is urging users to upgrade immediately to version 2.69 while the issue is being addressed. 👉 Users are advised to update as soon as possible and stay alert for official announcements. $TWT

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Trust Wallet has been hacked, and the reported losses continue to rise, now reaching $7M. A major security breach has once again exposed the risks of browser-based Web3 wallets. Trust Wallet’s Chrome extension version 2.68 was compromised through a supply-chain attack, where malicious code disguised as an analytics tool was used to steal users’ seed phrases and funds. The incident has been officially confirmed, with losses exceeding $6 million, mainly impacting users who entered their recovery phrases. Trust Wallet has since released an emergency update v2.69 and urged users to upgrade immediately. Market sentiment quickly turned tense as discussions surged across social platforms. Security firms SlowMist and PeckShield warned that vulnerabilities may still exist, noting that part of the stolen funds has already flowed into centralized exchanges. CZ later reassured users, stating that Trust Wallet will compensate losses and that user funds remain protected. Risks & safety advice: This attack highlights serious weaknesses in wallet extension update mechanisms. Users are strongly advised to update immediately, rotate their seed phrases, and move assets to new wallets if they were exposed. $TWT

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Ultime notizie

BNB Surpasses 840 USDT with a Narrowed 0.49% Decrease in 24 Hours

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Lithuania Sets Deadline for Crypto Service Licensing

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Trust Wallet Users Advised to Secure Assets Amid Security Concerns

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Trust Wallet Security Concerns Raised Over PostHog JS Script

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Analyst Predicts Surge in Prediction Market Trading Volume

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