Trust Wallet has recently experienced a significant security breach, leading to the theft of over $7 million in funds. This incident has drawn attention due to its implications for users of the non-custodial wallet service.
The breach specifically affected version 2.68 of the Trust Wallet Browser Extension, while users operating on mobile devices and other browser versions remain secure. An investigation has revealed that hackers were able to deploy a malicious update for the browser extension, which included code designed to capture users” seed phrases.
Binance founder Changpeng Zhao, commonly known as CZ, has confirmed the hacking incident and stated that the affected users will be reimbursed for their losses. “So far, $7m affected by this hack. Trust Wallet will cover,” CZ mentioned in a recent post. He added that the team is actively investigating how the hackers manipulated the update process to compromise the extension.
In response to the breach, Trust Wallet has advised users not to interact with the compromised version of the extension and has provided steps to upgrade to version 2.69, which is deemed safe. The situation highlights ongoing vulnerabilities in cryptocurrency wallet security.
This is not the first instance where Trust Wallet has encountered security issues. Earlier in 2023, vulnerabilities in wallets created through its browser extension had already resulted in notable financial losses for users. Furthermore, in early 2024, a third-party customer support service associated with Trust Wallet suffered a data breach, although no private keys or funds were compromised.
The recent hacking event is part of a troubling trend where exchanges and cryptocurrency services have been targeted by cybercriminals. Notably, in mid-2025, CoinDCX suffered a loss nearing $45 million due to an exploit, underscoring the persistent risks within the cryptocurrency landscape.
As Trust Wallet navigates this crisis, the broader cryptocurrency community watches closely, as security remains a paramount concern in the adoption and use of digital assets. Users are urged to stay vigilant and ensure they are using secure and updated versions of any software related to cryptocurrency transactions.
