BTC and ETH Drained!? Trust Wallet Issues Urgent Warning After the Security Breach

Trust Wallet has confirmed a security incident affecting its Chrome browser extension version 2.68, prompting an urgent call for users to disable the extension and upgrade immediately to version 2.69. The issue does not affect Trust Wallet’s mobile apps or any other browser extension versions.

In an official statement shared on X, Trust Wallet said it identified a vulnerability limited to version 2.68 and urged users not to open the extension until the update is completed. The company added that its security team is actively investigating the incident and will continue providing updates as more information becomes available.

What Happened With Trust Wallet’s Browser Extension

According to Trust Wallet, the problem originated from the Chrome extension update released on December 24. Only users who installed or used version 2.68 are considered at risk. The wallet provider emphasized that mobile-only users remain unaffected.

While Trust Wallet has not publicly disclosed the full technical details, several crypto analysts report that the incident appears to involve a supply chain compromise targeting the extension itself rather than a smart contract bug or user-side phishing attempt.

One analyst claimed that malicious code embedded in version 2.68 enabled attackers to extract wallet seed phrases, leading to unauthorized transfers. Based on these reports, affected users saw funds drained across multiple assets, including Bitcoin, Ethereum, Solana, and BNB. Estimates circulating on social media place total losses at around $7 million, though this figure has not been independently verified.

Binance SAFU Coverage and User Response

Following the incident, Binance-related safety mechanisms were referenced by commentators, with claims that affected users may receive reimbursement through the SAFU fund. Trust Wallet itself has not issued a separate statement confirming compensation terms, but it has instructed users to file support tickets if they believe their wallets were impacted.

The incident has reignited broader concerns across the crypto space about browser-based wallet security. Data shared by analysts shows that wallet-related breaches continue to rise, with individual wallet compromises increasing sharply year over year. Even when losses are contained quickly, these events raise questions about attack surfaces tied to browser extensions and update pipelines.

Read also: Bitcoin Price Prediction: Here’s Why December 26 Could Mark a Turning Point for BTC

What Users Should Do Now

Trust Wallet advises all browser extension users to take immediate action:

  • Check whether the installed extension version is 2.68
  • Disable the extension before opening it
  • Update directly to version 2.69 using the official Chrome Web Store
  • Contact Trust Wallet support if unauthorized activity is detected
  • Consider moving larger balances to cold storage solutions

Although the reported losses are small compared to previous crypto security incidents, the situation underscores how quickly compromised software updates can affect users across multiple networks.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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