- Trust Wallet Chrome extension update led to theft of more than $7 million in user funds.
- Changpeng Zhao, a co-founder of Binance, said the stolen assets will be reimbursed.
- The incident was flagged on Dec. 25 by ZachXBT, who linked the compromises to a recent extension update.
- The affected browser extension version is 2.68; users were told to upgrade to version 2.69 in a post from the wallet team on X.
- A recent Chainalysis report shows crypto theft totaled about $6.75 billion this year and personal wallet compromises rose sharply.
Users of the Trust Wallet Chrome extension lost more than $7 million after an extension update, the team confirmed. The issue was flagged on Dec. 25 by onchain detective ZachXBT, and the wallet team acknowledged the breach.
Changpeng Zhao, a co-founder of Binance, said the stolen funds will be reimbursed. ZachXBT posted a community alert noting the timing of the extension push and reported that multiple wallet addresses were drained; he wrote, “Community alert: A number of Trust Wallet users have reported that funds were drained from wallet addresses within the past couple hours,” and “While the exact root cause has not been determined coincidentally the Trust Wallet Chrome extension pushed a new update yesterday.”
A crypto wallet is a tool that stores private keys used to authorize transfers of cryptocurrency. Malicious actors who access those keys can move funds to addresses they control.
The wallet team said the breach affects browser extension version 2.68 and urged users not to open that version and to upgrade to 2.69, as posted on X. The team added that “Mobile-only users and all other browser extension versions are not impacted.”
Industry data cited in a Chainalysis report shows crypto theft reached about $6.75 billion this year, and personal wallet compromises rose to roughly 158,000 from 64,000 the prior year.
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