Trust Wallet Reveals Number of Victims from the Hack and the Compensation Problem

RBK-cryptoОпубликовано 2025-12-29Обновлено 2025-12-29

Введение

Trust Wallet CEO Eowyn Chen revealed that last week's hack affected over 2,500 user accounts. However, the service has received approximately 5,000 compensation claims, indicating a significant number of fraudulent or duplicate requests, which is slowing down the payout process. The hack occurred on the night of December 26 due to a vulnerability in the browser extension version 2.68. An update (v2.69) was released, and the company promised to cover the estimated $7 million in losses. The verification of claims is being conducted alongside the technical investigation, prioritizing accuracy over speed. Trust Wallet is working with Google to obtain Chrome audit logs and is conducting a detailed security check on remote devices. In a related context, a recent Chainalysis report noted that 2025 has seen over 158,000 personal wallet compromises, resulting in $713 million in losses.

Trust Wallet head Eowyn Chen reported that last week's crypto wallet hack affected over 2,500 accounts. However, she stated that the service received twice as many compensation claims, which is slowing down payouts as it takes time to weed out fraudulent requests.

The Trust Wallet hack occurred on the night of December 26. Developers had previously acknowledged a vulnerability in the browser wallet version 2.68, released an update to version 2.69, and promised to compensate for the damage, which they estimated at $7 million.

"To date, we have identified 2,596 addresses affected by the hack. From this group, we have received about 5,000 claims, indicating a significant number of false or duplicate attempts to access victim compensation," wrote Chen.

The verification of claims is being conducted in parallel with the technical investigation of the incident. Chen noted that this has proven to be a complex task, so processing the requests is taking longer than affected users expected. The priority remains the accurate verification of wallet owners, not speed.

The day before, Chen reported that Google is assisting in the investigation—the crypto wallet team hopes to obtain audit logs (access request logs) from the Chrome browser. Also, the Trust Wallet security service will conduct a detailed check of the devices of employees working remotely.

A week earlier, Chainalysis estimated that the total damage from hackers' actions in 2025 exceeded $3.4 billion. This year, 158,000 cases of personal wallet compromises were recorded with a total damage of $713 million (compared to $1.5 billion the previous year), affecting over 80,000 users.

Bitcoin's price updated its weekly high. What happened to cryptocurrencies

Memecoin market cap plunged by $100 billion in 2025. CoinGecko report

"Overcoming the psychological barrier." What will happen to Bitcoin this week

Связанные с этим вопросы

QHow many user accounts were affected by the Trust Wallet hack according to CEO Eowyn Chen?

AOver 2,500 accounts were affected by the Trust Wallet hack.

QWhat was the estimated financial damage from the Trust Wallet security breach?

AThe estimated financial damage from the hack was $7 million.

QWhy is the compensation process taking longer than expected for Trust Wallet users?

AThe process is taking longer because the service received about 5,000 claims for 2,596 affected addresses, indicating a significant number of fraudulent or duplicate claims that require time to filter out.

QWhich specific version of the Trust Wallet browser extension contained the vulnerability that was exploited?

AThe vulnerability was in the browser wallet version 2.68.

QWhat is the total estimated damage from hacker activities in 2025, as reported by Chainalysis?

AAccording to Chainalysis, the cumulative damage from hacker activities in 2025 exceeded $3.4 billion.

Похожее

Cerebras IPO: A $48.8 Billion Valuation—Is the 'Nvidia Challenger' a Bubble or a New King?

Cerebras Systems, positioning itself as an NVIDIA challenger, is going public with a $48.8 billion valuation despite several underlying paradoxes revealed in its S-1 filing. While 2025 revenue grew 76% to $510M and GAAP net income was $237.8M, this profitability relies heavily on a one-time, non-cash accounting gain. Adjusting for this, the company's non-GAAP net loss actually widened to $75.7M. Furthermore, customer concentration remains extreme: 86% of 2025 revenue came from two Abu Dhabi-based entities, MBZUAI (62%) and G42 (24%). Its landmark deal with OpenAI, valued at over $20 billion, creates a complex, nested relationship where OpenAI is simultaneously a major customer, lender, warrant holder, and strategic partner with exclusivity clauses. Cerebras's technical edge in latency-sensitive AI inference is real, with its wafer-scale chip outperforming competitors in benchmarks. However, this advantage is confined to a specific niche, not the broader AI training market dominated by NVIDIA's CUDA ecosystem. With a 95x price-to-sales ratio, the valuation demands flawless execution of the OpenAI contract and massive future revenue growth. Key long-term risks include intense competition from giants like NVIDIA and AMD, a dual-class share structure granting insiders near-total voting control, and ongoing geopolitical uncertainties regarding export controls. The IPO is a pivotal capital markets event for AI infrastructure. As an investment, it represents a high-risk, high-reward bet on the "inference-first" narrative and Cerebras's ability to dominate its specialized segment, underpinned by a valuation that highlights the current fervor in the sector.

marsbit16 мин. назад

Cerebras IPO: A $48.8 Billion Valuation—Is the 'Nvidia Challenger' a Bubble or a New King?

marsbit16 мин. назад

What Happens to Ethereum Developer Tools After the Grants Run Out?

On February 27th, the Ethereum Foundation (EF) announced Project Odin, a structured sustainability support program designed for a select group of strategic, previously grant-funded teams. Unlike a standard grant, Odin offers a long-term advisory mechanism focused on helping these teams establish credible, sustainable paths within a two-year framework, thereby reducing long-term dependence on single funding sources. The program addresses a critical post-grant challenge: how essential public goods, especially major developer tools, can achieve financial sustainability beyond initial funding. While grants from EF and programs like Gitcoin or RetroPGF remain vital for startups and research, they often fall short for mature, widely-used infrastructure. Tools like compilers, languages, and network stacks are deeply embedded but struggle with monetization, trapped between being too foundational to lose and too public to generate natural revenue. Project Odin provides teams with a dedicated Strategic Advisor to guide them through a three-phase process: 1) analyzing current funding and realistic options, 2) validating potential paths with stakeholders, and 3) executing plans, which may include crafting support contracts, service agreements, or other recurring revenue models. The first pilot participant is Vyper, a critical smart contract language for the EVM, highlighting the need for sustainable models for core infrastructure. The initiative reframes the public goods conversation from "who should be funded" to "how do already-proven teams avoid perpetual funding crises?" It encourages ecosystem participants—protocols and projects that depend on these tools—to view sustainable support not just as charity, but as essential risk management for their own operational supply chains.

marsbit46 мин. назад

What Happens to Ethereum Developer Tools After the Grants Run Out?

marsbit46 мин. назад

MARA Reports Q1 Revenue Below Expectations, Net Loss of $1.3 Billion, Stock Plunges After Hours

Bitcoin mining firm MARA Holdings reported disappointing Q1 2024 results, causing its stock to erase all daily gains and fall 3.44% in after-hours trading. Revenue dropped 18% year-over-year to $174.6 million, missing Wall Street estimates of $192.7 million. The company posted a net loss of $1.3 billion, a significant increase from a $533.4 million loss a year ago, primarily driven by unrealized losses on its holdings of 38,689 Bitcoin, which depreciated in value during the quarter. MARA also sold over 15,100 BTC in late March to repurchase debt at a discount. The broader mining environment remains challenging due to a 35% decline in Bitcoin's price from its all-time high and a nearly 30% increase in mining difficulty over the past year. MARA's market cap ranking among U.S. miners has slipped to seventh. Critically, the company announced a strategic pivot away from Bitcoin mining expansion. It stated it has no plans to purchase new mining equipment and is fully transitioning toward AI data centers. Its strategy involves retrofitting existing mining sites for AI and high-performance computing (HPC) and leveraging its recent $1.5 billion acquisition of Long Ridge Energy & Power, a gas-fired power plant and data center. This infrastructure could eventually support 600 MW of AI compute capacity, allowing MARA to redeploy up to 90% of its non-custodial mining power for AI and IT workloads.

marsbit46 мин. назад

MARA Reports Q1 Revenue Below Expectations, Net Loss of $1.3 Billion, Stock Plunges After Hours

marsbit46 мин. назад

Торговля

Спот
Фьючерсы
活动图片