Trust Wallet Users Lose $7 Million Due to Chrome Extension Hack
- More than $7 million was stolen from users of Trust Wallet following a recent update to its Chrome extension.
- The breach was reported on December 25 by onchain detective ZachXBT, confirming funds were drained from multiple wallet addresses.
- Changpeng Zhao, co-founder of Binance, announced that the stolen funds will be reimbursed to affected users.
- The compromised version of the extension is version 2.68, and users are advised to upgrade to version 2.69.
- Crypto theft reached $6.75 billion this year, with personal wallet compromises increasing from approximately 64,000 to over 158,000.
This incident highlights ongoing vulnerabilities in crypto security as malicious actors exploit weaknesses in software updates. The increase in personal wallet compromises indicates a growing threat landscape for cryptocurrency holders.
The Trust Wallet breach emphasizes the need for vigilance among users, especially given that over $7 million was lost due to a single compromised extension update.(Source)
