Trust Wallet Chrome Extension Hack Results in $7 Million Loss, Users Urged to Upgrade
Users of the Trust Wallet Chrome extension version 2.68 faced losses amounting to about $7 million due to a security breach. The compromised extension was flagged on December 25 by onchain detective ZachXBT and confirmed by the Trust Wallet team, who advised users not to use version 2.68 and to upgrade to version 2.69 immediately.
The impact was limited to this specific Chrome extension version; mobile-only users and other browser extension versions were not affected. The breach followed the release of an updated extension the previous day, although the exact root cause has yet to be determined.
Binance co-founder Changpeng Zhao has stated that the losses will be reimbursed to affected users. The incident highlights ongoing security risks associated with crypto wallets, as they store private keys that, if accessed without authorization, enable attackers to transfer funds to their own addresses.
In a broader context, data from Chainalysis shows that crypto theft totaled about $6.75 billion in the current year. Personal wallet compromises rose significantly to 158,000 cases from 64,000 last year, but the stolen amount from personal wallets accounted for only 20% of the total theft, down from 44% previously.
