Trust Wallet hacked, $7 million stolen – What happened and what impacted users should do

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A malicious update to Binance-owned Trust Wallet’s Chrome extension turned a quiet Christmas night into a nightmare for hundreds of users, resulting in losses of nearly $7 million.

The breach, which occurred on December 25, was caused by a supply-chain attack that injected malicious code into the extension’s JavaScript files, disguised as routine analytics functionality.

Users who installed the affected version (2.68) and imported their seed phrases unknowingly handed attackers access to their wallets. When users imported their recovery phrases, the…



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Trust Wallet hacked, $7 million stolen – What happened and what impacted users should do


A malicious update to Binance-owned Trust Wallet’s Chrome extension turned a quiet Christmas night into a nightmare for hundreds of users, resulting in losses of nearly $7 million.

The breach, which occurred on December 25, was caused by a supply-chain attack that injected malicious code into the extension’s JavaScript files, disguised as routine analytics functionality.

Users who installed the affected version (2.68) and imported their seed phrases unknowingly handed attackers access to their wallets. When users imported their recovery phrases, the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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