Ethereum

Solana

Bitcoin

Read

Billion

<a href="https://yellow.com/news/trust-wallet-browser-extension-breach-drains-over-dollar6-million-from-user-accounts" rel="noopener noreferrer nofollow">Trust Wallet users lost approximately $7 million</a> worth of cryptocurrency after hackers compromised the platform's browser extension version 2.68 on Dec. 24. Binance co-founder CZ confirmed the wallet provider will reimburse all affected users.
<h2 id="what-happened-extension-compromise">What Happened: Extension Compromise</h2>
The breach affected accounts across Ethereum Virtual Machine networks, <a href="https://yellow.com/asset/btc" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://yellow.com/asset/sol" rel="noopener noreferrer nofollow">Solana</a> blockchains, with fund transfers continuing for more than 30 hours before Trust Wallet issued a public statement.
User complaints first surfaced Dec. 24 indicating complete wallet drains following seed phrase entry into Trust Wallet's browser extension. The vulnerability affected only version 2.68 of the browser extension, while mobile users remained unaffected.
Cryptocurrency investigator ZachXBT traced stolen funds to multiple addresses. One newly created EVM wallet collected transactions ranging from fractional <a href="https://yellow.com/asset/eth" rel="noopener noreferrer nofollow">ETH</a> amounts to 7 ETH, with a single address still holding over 255 ETH worth approximately $750,000.
Bitcoin network theft exceeded 12 BTC through 66 transactions to one address alone, totaling more than $1 million, while additional wallets received 1.5 BTC. Fund transfers continued until late Dec. 25, spanning over 30 hours from initial reports.
Trust Wallet remained silent for more than 30 hours before acknowledging the security incident. The company directed users to disable version 2.68 and upgrade to version 2.69 through the official Chrome Web Store.
Also Read: <a href="https://yellow.com/news/trust-wallet-browser-extension-breach-drains-over-dollar6-million-from-user-accounts" rel="noopener noreferrer nofollow">Bitcoin Slips Below $87,000 As Record Stablecoin Supply Signals Sidelined Capital</a>
<h2 id="why-it-matters-platform-security">Why It Matters: Platform Security</h2>
CZ <a href="https://x.com/cz_binance/status/2004397190819783013" rel="noopener noreferrer nofollow">announced</a> Binance-backed Trust Wallet will cover all losses from the hack.
"User funds are SAFU," he wrote, using cryptocurrency slang for "secure."
The incident raises questions about Trust Wallet's code review process, as CZ noted the team is investigating how hackers submitted a compromised version through official channels. Browser extension wallets require users to enter seed phrases during setup, creating potential vulnerability points if malicious code captures this sensitive information.
Read Next: <a href="https://yellow.com/news/crypto-liquidations-surpass-dollar150-billion-in-2025-coinglass-reports" rel="noopener noreferrer nofollow">Crypto Liquidations Surpass $150 Billion in 2025, CoinGlass Reports</a>

CZ Confirms Trust Wallet Will Cover $7 Million In Stolen User Funds

Table of Contents

Yellow News

Other articles published on Dec 26, 2025

Join our free newsletter for daily crypto updates!