Trust Wallet Launches Compensation Process After $7M Chrome Extension Breach
- Trust Wallet reported a breach affecting version 2.68 of its Chrome extension, leading to unauthorized wallet access for some users.
- Approximately $7 million in digital assets were stolen, impacting wallets including BTC, ETH, BNB, and SOL.
- Users can submit claims via the official support portal with necessary details for verification.
- Over $4 million of the stolen funds have been traced through exchanges like ChangeNOW, FixedFloat, and KuCoin.
- Trust Wallet’s CEO stated that users logging in before Dec. 26 faced the highest risk due to a leaked Chrome API key used to publish the compromised extension.
The incident has prompted Trust Wallet to prioritize security and accuracy in processing claims as it reviews submissions on a case-by-case basis. The breach has raised concerns regarding browser-based wallet security practices.
With about $7 million reported stolen, Trust Wallet aims to cover all verified losses as confirmed by Binance founder Changpeng Zhao.(Source)
