Trust Wallet Security Incident: What Happened and What Users Should Know
Trust Wallet has confirmed a serious security incident involving its Google Chrome browser extension, leading to the loss of approximately $7 million in digital assets. The issue affected users running version 2.68 of the extension, prompting an urgent security update to version 2.69.
According to Trust Wallet, the breach did not affect mobile app users or other browser versions. Only users who installed or were running the affected Chrome extension were exposed.
What Happened?
Security researchers discovered that a malicious modification had been introduced into the Trust Wallet browser extension. This hidden code allowed attackers to secretly collect users’ wallet recovery phrases once the wallet was unlocked.
The attack worked by exploiting internal application logic rather than relying on a traditional third-party malware infection. Once users unlocked their wallets, the compromised extension quietly sent sensitive recovery data to a server controlled by the attacker.
This allowed the attackers to gain full access to victims’ crypto wallets.
How the Attack Worked
Investigators revealed that:
- The malicious code was embedded directly into the extension’s source code.
- A fake analytics endpoint was used to disguise data exfiltration.
- Wallet recovery phrases were decrypted and sent to a remote server.
- The attacker used this access to drain funds from multiple blockchains.
Security firm SlowMist confirmed that the attacker abused a legitimate analytics tool to hide the data transfer, making the attack harder to detect.
Impact and Stolen Funds
According to blockchain investigators, the total loss is estimated at around $7 million, including:
- Over $3 million in Bitcoin
- Hundreds of thousands in Ethereum
- Smaller amounts across other chains such as Solana
The stolen assets were moved through centralized exchanges and cross-chain bridges in an attempt to obscure their origin.
Trust Wallet’s Response
Trust Wallet has stated that:
- The affected version has been removed.
- A patched update (version 2.69) has been released.
- Impacted users will be refunded.
- An internal investigation is ongoing.
The company also warned users to avoid interacting with messages or links claiming to be from Trust Wallet unless they come from official channels.
What This Means for Crypto Users
This incident highlights an important reality:
Even trusted platforms can be compromised.
To stay safe:
- Always update wallet extensions and apps immediately.
- Avoid clicking links sent through emails or messages claiming to be urgent.
- Never share your recovery phrase — no legitimate service will ask for it.
- Use hardware wallets when possible.
- Monitor wallet activity regularly.
Final Thoughts
This attack wasn’t caused by user error alone — it was the result of a sophisticated compromise inside a trusted system. It serves as a reminder that security in crypto is not just about protecting private keys, but also about verifying the software you rely on.
Staying informed, cautious, and proactive remains the best defense.