Wallet Hacked Over Christmas?! 😱

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Trust Wallet is having a bit of a moment – the kind involving frantic verification, a hefty dose of “oops,” and a Christmas that some users would rather forget. They’re confirming affected wallets, promising reimbursement (eventually), and generally trying to look like they haven’t misplaced the keys to the kingdom.

It appears Trust Wallet stumbled into a rather unfortunate situation around Christmas Day. Seems a bad browser extension update decided to gatecrash the party, specifically targeting desktop users. Naturally, this resulted in thousands of users reporting losses and requesting a refund; a bit like finding out Santa replaced your presents with IOUs. 🤔

Trust Wallet Confirms 2,596 Wallets – That’s a Lot of Lost Bits

On Monday, Trust Wallet’s CEO, Eowyn Chen (a name that sounds suspiciously heroic for someone dealing with a hack), confirmed 2,596 compromised wallet addresses. Meanwhile, nearly 5,000 reimbursement claims landed on their digital doorstep. Now, that’s a discrepancy large enough to suggest either a lot of duplicate submissions, or a suspiciously enthusiastic number of people trying their luck. Ms. Chen assures everyone that accuracy is paramount – because giving money away willy-nilly isn’t generally considered a sound business model. 🤷

2/ We’re prioritising accuracy over speed to protect affected users, and we aim to share further work-in-progress details as soon as we can, likely tomorrow.

So far, we’ve identified 2,596 affected wallet addresses. From this group, we’ve received around 5,000 claims which…

– Eowync.eth (@EowynChen)

The aforementioned “incident” occurred on December 25, 2025 – a date now firmly etched in the annals of “bad days for crypto.” The malicious update targeted Trust Wallet’s browser-based users. Internal estimates suggest the damage amounts to roughly seven million dollars. That’s enough to buy a small island… or, you know, restore a few wallets. 💸

Related Reading: Hack: Trust Wallet Begins Compensation Process After Hack | Live Bitcoin News

Ms. Chen explains that the verification process is rather like assembling a particularly frustrating jigsaw puzzle, involving transaction records, extension versions, and confirming ownership. The idea, apparently, is to separate the genuinely aggrieved from those who might be attempting a spot of digital opportunism. Speed, she stresses, is secondary to making sure the right people get reimbursed. A noble sentiment, if slightly slower than one might hope. 🐌

Binance co-founder Changpeng Zhao, ever the reassuring presence, stepped forward to address user concerns. He asserted that Trust Wallet will fully reimburse all legitimate losses. Naturally, this assurance comes with a caveat: the company is being particularly cautious given the… abundance of claims. It’s rather difficult to be generous when one suspects a certain amount of exaggeration. 🤨

Verification Priority Grows as Forensic Review Expands (Because, Complicated!)

Trust Wallet has declared verification to be “the highest operational priority.” Which, translated from corporate-speak, means “everyone panic and check everything twice.” They’re deliberately slowing down payouts to prevent abuse of the reimbursement system. Updates will follow, apparently, once verification milestones are completed – a bit like promising you’ll get your parcel “eventually.” 📦

In parallel with the claims review, a full-blown forensic investigation is underway. They’re trying to figure out if anyone on the inside was involved. Apparently, the attacker displayed a worrying level of familiarity with Trust Wallet’s source code. It’s enough to make one wonder if someone left the back door open… or, more accurately, posted the key on a forum. 🙊

So far, no confirmation of insider involvement, but the investigation is ongoing. They might even bring in external security experts – because, let’s face it, sometimes you need a fresh pair of eyes (and possibly a different kind of magic).🧙

Users are being urgently advised to upgrade to extension version 2.69. It patches the vulnerability, you see. Delaying the upgrade is like leaving a “Welcome” mat out for any lingering digital miscreants. A timely upgrade is therefore, in the grand scheme of things, a rather sensible precaution. 💡

The Trust Wallet support team is, bravely, attempting to manage expectations while processing verified claims. Ms. Chen promises work-in-progress updates “tomorrow.” Transparency is key, she says, which is always a good look when you’ve just had a security breach. 👀

Ultimately, this whole affair highlights the increasing risks associated with browser-based crypto tools. As more people jump on the crypto bandwagon, attackers are focusing on the update mechanisms – the digital equivalent of picking pockets at a crowded festival. The industry, generally, is having a bit of a re-think about wallet security practices. It’s all rather… chaotic. 🌪️

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2025-12-30 03:11