Trust Wallet Opens $7M Compensation After Chrome Exploit Leaks Seed Phrases
Trust Wallet has opened a proper compensation course of for customers affected by a safety incident involving its Chrome browser extension, after malicious code embedded in a latest replace led to the publicity of pockets seed phrases and the lack of hundreds of thousands of {dollars} in crypto property.
The firm said on Friday that affected customers can now submit claims via an official assist type hosted on Trust Wallet’s portal.
The claims course of requires customers to supply fundamental figuring out particulars, together with their e-mail handle and nation of residence, alongside the compromised pockets addresses, suspected attacker addresses, and related transaction hashes.
Trust Wallet stated it’s prioritizing critiques of all submissions and has dedicated to compensating each verified sufferer of the incident.
Trust Wallet Contacts Victims as Scammers Exploit Breach Fallout
In an announcement posted on X on December 26, Trust Wallet acknowledged the disruption attributable to the breach and stated its assist group had already begun contacting impacted customers.
The firm added that every case requires cautious verification to make sure accuracy and safety and promised to supply ongoing updates as the method strikes ahead.
At the identical time, Trust Wallet warned customers to stay vigilant in opposition to scams, noting a rise in pretend compensation varieties, impersonated assist accounts, and unsolicited direct messages circulating on Telegram and different platforms.
The compensation announcement adopted affirmation of the breach on December 25, when Trust Wallet disclosed that solely model 2.68 of its Chrome browser extension was affected.
Blockchain investigator ZachXBT first drew attention to the incident after a number of customers reported unauthorized fund outflows shortly after putting in the replace.
Multiple Trust Wallet customers skilled unauthorized fund outflows on Thursday as a consequence of a brand new browser extension theft. Losses are estimated to surpass $6 million.#TrustWallet #CryptoTheft #TrustWalletThefthttps://t.co/mchzwWAHK3
— Cryptonews.com (@cryptonews) December 26, 2025
Trust Wallet later urged customers operating the compromised model to disable it instantly and improve to model 2.69.
According to ZachXBT, the variety of victims climbed into the a whole lot inside hours, with greater than $6 million siphoned throughout a number of blockchains, together with Bitcoin, Solana, and EVM-compatible networks.
Several customers stated their wallets have been drained inside minutes, with one account on X claiming losses exceeding $300,000, although ZachXBT later flagged that particular account as suspicious.
How a Chrome Extension Update Turned Into a Wallet Heist
Investigators and customers reported that the malicious extension appeared official when put in via Chrome’s regular replace course of.
However, the embedded code allowed attackers to extract customers’ restoration phrases, enabling fast entry to their funds.
One person warned that merely importing a seed phrase into the extension triggered on the spot pockets draining.
Browser extensions usually function with elevated permissions, giving them entry to internet pages, storage, and shopping information, which makes them a strong goal for attackers when abused.
Trust Wallet stated cellular app customers and people operating different variations of its browser extension weren’t impacted. The Chrome extension itself has roughly a million customers, in keeping with its Web Store itemizing.
In a separate submit, Changpeng Zhao, the founding father of Binance, which acquired Trust Wallet in 2018, confirmed that each one verified losses could be coated. Zhao estimated the whole affected quantity at round $7 million and stated person funds could be reimbursed.
So far, $7m affected by this hack. @TrustWallet will cowl. User funds are SAFU. Appreciate your understanding for any inconveniences induced.
The group remains to be investigating how hackers have been in a position to submit a brand new model. https://t.co/xdPGwwDU8b
— CZ
BNB (@cz_binance) December 26, 2025
The incident comes amid a broader rise in wallet-related exploits throughout the crypto trade.
According to Chainalysis, greater than $3.4 billion was stolen from January via early December 2025, with a single February compromise at Bybit accounting for practically half of that whole.
Personal pockets compromises have grown steadily over latest years, rising from simply over 7% of stolen worth in 2022 to greater than a 3rd in 2025, excluding the Bybit assault.
Centralized platforms, whereas much less continuously compromised, have additionally seen more and more giant losses tied to personal key breaches.
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