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Key Findings Trust Wallet confirmed a security incident involving its Chrome extension version 2.68 that resulted in approximately $7 million in losses. The malicious code in the compromised extension version prompted users to share their wallet mnemonic phrases, which were then used to drain funds. Trust Wallet is advising all users to urgently update to version 2.69 of the extension to mitigate the issue. The company stated it will ensure all affected users are refunded, wi

Key Findings Trust Wallet, a popular non-custodial cryptocurrency wallet, has suffered a security breach that resulted in the loss of approximately $7 million in digital assets. The issue was caused by a vulnerability in version 2.68 of the Trust Wallet Chrome extension, which has around one million users. The malicious code in the affected extension version was designed to extract the mnemonic phrases (recovery seeds) of all wallets stored in the extension, and then send the