Trust Wallet Extension Bug Triggers $6M+ Crypto Losses, Forces Emergency Upgrade to Version 2.69
Key Takeaways:Trust Wallet Confirms Security Incident in Browser ExtensionReports of Stolen Funds Spark Community AlarmHow the Vulnerability May Have Been ExploitedPossible Supply-Chain WeaknessOfficial Response and Mandatory Upgrade StepsWhat This Incident Reveals About Wallet Security
The Trust Wallet case indicates a systematic danger in crypto: even non-custodial wallets may fall prey to attacks in case their distribution channels are compromised. Browser extensions continue to be particularly appealing targets since they: And, in contrast to smart contract exploits, wallet level hacks, in many cases, do not even utilize on-chain protection, and losses cannot be reversed or traced. This incident is among the larger wallet-related security incidents in recent years, as Trust Wallet has more than 220 million users all over the world. Although the extent may seem to be limited to one version, the reputational effects may reach wider.
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