CEO Eowyn Chen spilled the beans on Monday that Trust Wallet discovered 2,596 hacked wallet addresses from the December 24 debacle. But here’s the kicker: they got nearly 5,000 reimbursement claims. Because of course, everyone and their grandma suddenly “lost” crypto. 🙄
“Because, obviously, we don’t want to accidentally hand over crypto to some random internet con artist,” Chen said, as if explaining basic adulting. “Our team’s busy playing detective, cross-referencing data like we’re solving a Netflix true crime documentary.”
The chasm between real victims and fraudsters has turned Trust Wallet into a slow-and-steady tortoise. Welcome to crypto’s most dramatic plot twist of the year. 🐢
How the Attack Unfolded (Spoiler: It Wasn’t Magic 🎩)
The breach started when hackers got their hands on a leaked Chrome Web Store API key-because nothing says “security” like leaving your digital front door wide open. On December 24, the malware-infested version 2.68 went live. Little did users know, their seed phrases were about to become Christmas gifts for hackers. 🎁💣
According to SlowMist, the baddies hid their code in a sneaky analytics library called posthog-js. Unlock your wallet? Congratulations, your crypto just went on a one-way trip to Villainville. The attacker’s server, “api.metrics-trustwallet.com,” was registered on December 8. Plotting evil for weeks? How thoughtful. 🎯
ZachXBT, crypto’s favorite sleuth, flagged the mess on Christmas Day. Hundreds of drained wallets later, because who doesn’t love a holiday surprise? 🎄💸
Trust Wallet rolled out version 2.69 on December 25. If you logged in before December 26? Congrats, you’re part of the club no one wants to join. Mobile users? You’re safe. Chrome users? Welcome to the crypto rodeo. 🤠
The “Did Someone Say Insider?” Saga 🕵️♂️
Changpeng Zhao, Binance’s ex-CEO, hinted it was “most likely” an inside job. No evidence, just vibes. Meanwhile, SlowMist’s Yu Xian noted the attackers knew the codebase like their own diary. API key theft? Sounds like someone left their laptop at a coffee shop. ☕
Chen’s response: “We’re investigating. Maybe. Possibly. Don’t quote us.”
$7M Gone & the Great Money Laundering Spectacular 🚨
$7 million vanished across Bitcoin, Ethereum, and Solana. PeckShield tracked $4 million through shady exchanges like ChangeNOW (because who wouldn’t trust a site named “ChangeNOW”?). $2.8 million still lounges in attacker wallets. Lazy villains or just waiting for the heat to die down? 🤷♀️
Compensation: The Wild West of Crypto 🤷♀️
Zhao promised to cover losses because “user funds are SAFU.” Translation: We’re not letting this PR nightmare sink us. Users must now fill out a form longer than a DMV application. Email addresses, wallet addresses, transaction hashes-no biggie, right? Trust Wallet’s prioritizing accuracy over speed. Because nothing says “we care” like making victims wait. 🐢
Fun fact: Verifying crypto claims is like herding cats. Blockchain’s transparent? Sure. But linking wallets to real humans without centralized records? Good luck. 🐱
Scammers: The Gift That Keeps on Giving 🎁
Trust Wallet warned of fake compensation forms spreading like digital herpes on Telegram. Impersonators asking for private keys? Shocking. Remember: real companies don’t ask for passwords. If you fall for this, please step away from your keyboard. 🪑
Security 101: Don’t Be Bad at Life 🙄
2024’s crypto theft hit $6.75 billion. Browser extensions? Basically loaded guns. One bad update = instant wallet massacre. Trust Wallet’s 1M users got a harsh lesson: updates are risky. Maybe try hardware wallets next time? Or just… pray? 🙏
What’s Next? 🤔
Trust Wallet expired all release APIs. The malicious domain got axed. But how’d the hackers get the API key? Still a mystery. Maybe a post-it note? 🗝️
Experts advise waiting for community confirmation before updates. Because crypto is basically the wild west, and your wallet’s the gold. 🌵
Reality Check: Cleanup is Harder Than Hacking 💩
Supply chain attacks? Fraudulent claims? Trust Wallet’s juggling both. Verifying 5,000 claims for 2,596 victims? Welcome to crypto’s least glamorous soap opera. Cleanup’s the real villain here. 💀
Read More
- Gold Rate Forecast
- 🚀 XRP’s Great Escape: Leverage Flees, Speculators Weep! 🤑
- Sanctions Turn Russia’s Crypto Ban into a World-Class Gimmick! 🤑
- XRP Outruns Bitcoin: Quantum Apocalypse or Just a Crypto Flex? 🚀
- Is Kraken’s IPO the Lifeboat Crypto Needs? Find Out! 🚀💸
- Bitcoin’s Big Bet: Will It Crash or Soar? 🚀💥
- Brent Oil Forecast
- Dividends in Descent: Three Stocks for Eternal Holdings
- The Stock Market’s Quiet Reminder and the Shadow of the Coming Years
- Nitorum Trims Stake as Primo Brands Stock Plummets 47%
2025-12-30 00:11