Trust Wallet Compensates Users After Chrome Extension Exploit

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Trust Wallet’s browser plugin version 2.68 was compromised on December 24, allowing attackers to steal approximately $8.50 million from 2,596 wallet addresses, confirms CEO Eowyn Chen.

This incident highlights growing concerns over blockchain security, particularly in supply chain vulnerabilities, and emphasizes the need for rigorous internal checks to prevent future breaches.

Security Breach Response and Industry Reactions

Trust Wallet CEO Eowyn Chen confirmed the unauthorized upload, explaining a breach of the Chrome Web Store API key was responsible. To mitigate damage, Trust Wallet reverted to a secure extension version and began a compensation process requiring users to submit documentation for verification.

The irregular upload bypassed standard security protocols, leading to unauthorized transactions draining cryptocurrencies like Bitcoin, Ethereum, and BNB. Trust Wallet acted swiftly to deter further losses by alerting users and requesting immediate discontinuation of use for the affected extension version.

Eowyn Chen, CEO of Trust Wallet, – “The malicious extension v2.68 was NOT released through our internal manual process. Our current findings suggest it was most likely published externally through the Chrome Web Store API key, bypassing our standard release checks.”

Binance Co-founder Changpeng Zhao suggested a potential insider threat linked to the attack via a post on X.

Trust Wallet also warned users about phishing tactics that could exploit the situation, emphasizing communication through official channels only.

Market Response and Future Implications

Did you know? The first major cryptocurrency hack occurred in 2011, when Mt. Gox was compromised, leading to the loss of 850,000 Bitcoins.

In the wake of the hack, market volatility increased, with Bitcoin and Ethereum experiencing sharp declines in trading volume.

bitcoin-daily-chart-5387 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 19:17 UTC on December 30, 2025. *Source: CoinMarketCap*

Analysts suggest that this incident could lead to stricter regulations for cryptocurrency exchanges and wallets, as security becomes a top priority for users and investors alike.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.