Users of Binance-owned Trust Wallet lose $7 million to hacked Chrome extension
Summary
Trust Wallet users experienced losses exceeding $7 million after a malicious update to its Chrome browser extension, version 2.68, was released. The security breach was first flagged on December 25th by onchain detective ZachXBT. Trust Wallet confirmed the issue and immediately urged users to upgrade to version 2.69, clarifying that mobile-only users and other extension versions were unaffected. Changpeng Zhao, a co-founder of Binance, which owns Trust Wallet, assured affected users that the stolen funds would be reimbursed. This incident occurred amidst a broader trend where crypto theft reached $6.75 billion in the year, with personal wallet compromises surging significantly.
(Source:CoinDesk)