- Trust Wallet security breach leads to $7 million in losses.
- Binance’s CZ confirms user losses will be covered.
- Wallets compromised mostly dormant, major funds moved.
Trust Wallet’s browser extension v2.68 was compromised on December 24-25, 2025, affecting user losses totaling about $7 million in various cryptocurrencies.
The breach highlights vulnerabilities in crypto platforms, accentuating the need for constant vigilance and reinforcing trust that companies like Binance prioritize user safety with compensation promises.
$7 Million Stolen in Trust Wallet Security Breach
The Trust Wallet browser extension version 2.68 was compromised between December 24 and 25, 2025, resulting in substantial asset losses. The breach impacted Bitcoin, Ethereum, and Solana, with community alert from ZachXBT reporting hundreds of affected wallets. CZ confirmed users’ losses would be compensated.
Impactful changes include a forced upgrade to version 2.69 to prevent further incidents. Affected users reported significant asset drains, particularly from wallets previously dormant for extended periods, as explained by Specter analysts.
Notable responses include CZ’s tweets assuring coverage for affected users, emphasizing that “user funds are SAFU.” On-chain analysts tracked stolen funds moving to various exchanges, which is similar to challenges faced during past breaches such as the Yearn attack, prompting heightened vigilance within the crypto community.
2025 Crypto Hacks Total $3.14 Billion Reveal Vulnerability Trends
Did you know? The recent Trust Wallet attack represents a part of a larger trend in 2025, where crypto hacks totaled approximately $3.14 billion, underscoring a rising threat landscape in digital finance.
As of December 26, 2025, CoinMarketCap reports Bitcoin’s price at $88,763.99, with a market cap of about $1.77 trillion. Despite a positive 1.20% move in 24 hours, Bitcoin exhibits a 60-day decline of 23.23%, highlighting market volatility, much like the recent fluctuations noted in the Bitcoin market due to Japan’s interest rate impact.
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 07:44 UTC on December 26, 2025. Source: CoinMarketCapInsights from Coincu’s research team indicate potential reforms in crypto security practices and technologies. Analysts stress rigorous regular audits and technological updates to curb vulnerabilities, advocating for a systematic approach in mitigating future breaches.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/news/trust-wallet-hack-user-loss-compensation/
