Trust Wallet Users Report Significant Fund Losses Following Extension Update
- Over $4.3 million has reportedly been drained from Trust Wallet accounts after the Chrome extension update to version 2.68.0.
- Funds were rapidly transferred from affected wallets, with no gradual withdrawal pattern observed.
- Key cryptocurrencies involved in the losses include Bitcoin, Ethereum, and BNB.
- On-chain investigator ZachXBT identified multiple receiving addresses linked to the thefts, indicating coordinated activity.
- Trust Wallet has yet to confirm the cause of the hack or issue any mitigation guidelines for affected users.
The incident highlights vulnerabilities following software updates, as users experienced immediate fund loss upon importing seed phrases into the new extension version. Ongoing investigations are focusing on transaction data related to this event.
As of now, over $4.3 million in assets have been drained from Trust Wallet users amidst this security breach, with no official recovery measures announced yet.
