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Trust Wallet Security Breach Hits Chrome Extension Users
Trust Wallet Chrome Extension Hack Drains Over $6 Million – A major security breach affecting the Trust Wallet Chrome browser extension has resulted in millions of dollars in user losses, triggering widespread concern across the crypto community. The incident impacted users running version 2.68 of the extension, allowing attackers to drain funds without requiring transaction approvals.
Trust Wallet, which is owned by Binance, has acknowledged the incident and urged users to immediately upgrade to version 2.69 to prevent further losses.
Losses Estimated Above $6 Million
Blockchain investigator ZachXBT was the first to raise the alarm after noticing reports of unauthorized outflows shared on Telegram. While the precise exploit method has not yet been confirmed, ZachXBT suggested the issue may be tied to the most recent extension update.
Based on affected wallet addresses, ZachXBT estimates that hundreds of users lost over $6 million. Data tracked by Arkham shows that the attackers distributed stolen funds across multiple wallets and began moving assets in small increments. As of press time, one exploiter-linked wallet still held more than $2.7 million in various cryptocurrencies.
Trust Wallet Response and Emergency Upgrade
Although Trust Wallet has not released a detailed post-mortem, the company warned users not to open the browser extension until upgrading. Users were instructed to manually disable the extension via Chrome’s developer settings and update it directly before re-enabling it.
Trust Wallet has emphasized that users should confirm the extension version reads 2.69 before resuming use.
Compensation Confirmed Amid Insider Speculation
While frustration has grown over the lack of transparency, former Binance CEO Changpeng Zhao confirmed that Trust Wallet will compensate all affected users.
“So far, $7m affected by this hack. TrustWallet will cover,” Zhao wrote on X, adding that the team is still investigating how the malicious version was approved.
Some community members have speculated about a potential insider involvement, noting that high-profile crypto firms are often targeted by infiltrators, including North Korean hacker groups posing as developers. Trust Wallet has not commented on these claims.
