Trust Wallet Alerts Users After Security Incident

2 mins mins

Key Points:

Trust Wallet issues alert after $7 million theft from browser extension.
Security breach affects approximately $7 million in assets.
Binance pledges compensation for affected Trust Wallet users.

Trust Wallet issued a security warning on January 17, 2026, alerting users that it will not request mnemonic phrases or private keys and urging them to contact official channels for guidance.

This warning follows a significant browser extension security breach, highlighting persistent cybersecurity challenges in the crypto sector and initiating urgent measures for user asset recovery.

Trust Wallet Breach Compromises $7 Million in Assets

Trust Wallet warned users via X of a significant security threat, emphasizing that genuine communications will never request mnemonic phrases or private keys. The incident involved a vulnerability in the Trust Wallet browser extension version 2.68, leading to unauthorized access and asset drains.

Approximately $7 million in user funds were compromised, including popular crypto assets like Bitcoin and Ethereum. Affected users were advised to suspend transactions and reach out to official channels for assistance.

“So far, $7m affected by this hack. Trust Wallet will cover. User funds are SAFU.” – Changpeng Zhao, Founder, Binance

Reactions included Binance CEO Changpeng Zhao, who stated on X that affected users would be fully compensated. SlowMist, a security firm, highlighted the breach resulted from a supply-chain compromise involving the malicious domain “metrics-trustwallet[.]com.”

Bitcoin Prices Survive Amid Increased Wallet Security Risks

Did you know? Security breaches in crypto wallets rose by 70% between 2024 and 2025, emphasizing the growing need for enhanced cybersecurity measures.

Bitcoin (BTC) currently trades at $95,312.12, with a market cap of $1.90 trillion and dominating 58.99% of the market. Over the past 24 hours, trading volume dropped by 45.55% to $25.01 billion. Despite recent fluctuations, Bitcoin’s price increased by 7.98% over the last 30 days, according to CoinMarketCap.

bitcoin-daily-chart-5692 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 13:37 UTC on January 17, 2026. *Source: CoinMarketCap*

Insights from Coincu suggest that the integration of enhanced security protocols in crypto wallets may reduce future breach incidents. Effective regulatory oversight and technological advancements in wallet security could mitigate risks associated with browser-based vulnerabilities.

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.