Trust Wallet Launched Claims Portal After $7M Hack
- Trust Wallet addresses $7M hack via new claims portal.
- Impact on 2,596 wallets, refund details provided.
- Potential insider involvement suspected in Chrome extension breach.
Trust Wallet’s CEO Eowyn Chen addresses a security breach affecting $7 million in cryptocurrencies after a malicious Chrome extension was released on December 24, 2025.
The breach’s impact raises concerns about app security protocols and incentivizes tighter controls, while immediate refunds are being processed to mitigate user losses.
Trust Wallet has launched a claims portal following a breach involving its Chrome extension. Reports confirm that $7 million was lost across 2,596 wallets. The malicious action took place in December, impacting numerous cryptocurrency holders.
Eowyn Chen, CEO of Trust Wallet, leads the response to the Chrome extension security breach. The compromised version was uploaded externally, bypassing standard checks. Refunds are being offered, confirmed Eowyn Chen, to those affected by the breach.
“The malicious extension v2.68 was NOT released through our internal manual process,” and added, “Our current findings suggest it was most likely published externally through the Chrome Web Store API key, bypassing our standard release checks.”
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The breach involved exfiltration of wallet mnemonics and unlocks passwords. Approximately $4 million has already been moved to centralized exchanges. This includes transactions to ChangeNOW and KuCoin, highlighting significant potential insider maneuvering.
The incident shed light on vulnerabilities impacting the financial landscape. Trust Wallet initiated steps to mitigate future risks, including expiring release APIs. Cryptocurrency markets observed disruptions, requiring rigorous security reassessment for involved asset holders.
The breach has stirred discussions on insider threats within the cryptocurrency space. Meanwhile, affected users are urged to update their extensions and use trusted portals only. Emerging security protocols are examined closely to prevent further incidents.
Expert analysis points to long-term impacts on trust and technology security standards. The incident could lead to stricter regulatory oversight and innovation in cybersecurity measures. Platforms like Trust Wallet may push for enhanced tech solutions post-breach.
For more recent updates, see Trust Wallet tweet on recent updates and security practices.
