$7M Lost in Trust Wallet Browser Hack, CZ Confirms Full Compensation as Extension Flaw Exposed

Key Takeaways:Trust Wallet Confirms Extension-Specific Security BreachCZ: $7 Million Affected, User Funds Will Be ReimbursedWhat Went Wrong in Version 2.68A Supply Chain Risk in Browser WalletsRising Scrutiny on Browser-Based Crypto Wallets

The incident contributes to an increasing conversation on the subject of browser extensions as a security vulnerability in Web3. Whereas non-custodial wallets enable the user to exercise control over the asset, the responsibility and risk are transferred to software interfaces which need to balance usability and security.

Recent trends show:

• Increased phishing and extension spoofing
• Malicious updates targeting wallet approvals
• Growing reliance on third-party web infrastructure

Security researchers are still encouraging users to:

• Verify extension publishers
• Delay updates until confirmed safe
• Use hardware wallets for large balances
• Regularly review token approvals

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Tags: affected, BreachCZ, confirms, ExtensionSpecific, funds, million, News, security, TakeawaysTrust, User, Wallet