Following a significant security breach affecting its Google Chrome extension, users of the Binance-owned Trust Wallet have reported losses exceeding $7 million. The incident, first noted on December 25 by investigator ZachXBT, was linked to Version 2.68 of the wallet's extension, which allowed hackers to exploit a vulnerability.
Changpeng Zhao, co-founder of Binance, announced on social media that the company would cover the losses incurred by users. He reassured customers that their funds are safe and emphasized ongoing investigations to uncover how the breach occurred. “User funds are SAFU,” Zhao stated, expressing gratitude for user understanding amid the situation.
The Trust Wallet team has urged users to verify their extension version, recommending an immediate upgrade to Version 2.69 to ensure security. Further guidance has been provided through their official channels, including the Chrome Webstore.