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

From Theft to Re-entry: How Was $292 Million "Laundered"?

A sophisticated crypto laundering operation was executed following the $292 million hack of Kelp DAO on April 18. The attack, attributed to the North Korean Lazarus group, began with anonymous infrastructure preparation using Tornado Cash to fund wallets untraceably. The hacker exploited a vulnerability in Kelp’s cross-chain bridge, stealing 116,500 rsETH. To avoid crashing the market, the attacker used Aave and Compound as laundering tools—depositing the stolen rsETH as collateral to borrow $190 million in clean, liquid ETH. This move triggered a bank run on Aave, causing an $8 billion drop in TVL. After consolidating funds, the attacker fragmented them across hundreds of wallets to evade detection. A major breakpoint was THORChain, where over $460 million in volume—30 times its usual activity—was processed in 24 hours, converting ETH into Bitcoin. This shift to Bitcoin’s UTXO model exponentially increased tracing complexity by shattering funds into countless untraceable fragments. The final destination was Tron-based USDT, the primary channel for illicit crypto flows. From there, funds were cashed out via OTC brokers in China and Southeast Asia, using unlicensed underground banks and UnionPay networks outside Western sanctions scope. Ultimately, the laundered money supports North Korea’s weapons programs, which rely heavily on crypto hacking for foreign currency. The incident underscores structural challenges in DeFi: its openness, composability, and lack of central control make such laundering not just possible, but inherently difficult to prevent.

marsbit1 ч. назад

From Theft to Re-entry: How Was $292 Million "Laundered"?

marsbit1 ч. назад

Google and Amazon Simultaneously Invest Heavily in a Competitor: The Most Absurd Business Logic of the AI Era Is Becoming Reality

In a span of four days, Amazon announced an additional $25 billion investment, and Google pledged up to $40 billion—both direct competitors pouring over $65 billion into the same AI startup, Anthropic. Rather than a typical venture capital move, this signals the latest escalation in the cloud wars. The core of the deal is not equity but compute pre-orders: Anthropic must spend the majority of these funds on AWS and Google Cloud services and chips, effectively locking in massive future compute consumption. This reflects a shift in cloud market dynamics—enterprises now choose cloud providers based on which hosts the best AI models, not just price or stability. With OpenAI deeply tied to Microsoft, Anthropic’s Claude has become the only viable strategic asset for Google and Amazon to remain competitive. Anthropic’s annualized revenue has surged to $30 billion, and it is expanding into verticals like biotech, positioning itself as a cross-industry AI infrastructure layer. However, this funding comes with constraints: Anthropic’s independence is challenged as it balances two rival investors, its safety-first narrative faces pressure from regulatory scrutiny, and its path to IPO introduces new financial pressures. Globally, this accelerates a "tri-polar" closed-loop structure in AI infrastructure, with Microsoft-OpenAI, Google-Anthropic, and Amazon-Anthropic forming exclusive model-cloud alliances. In contrast, China’s landscape differs—investments like Alibaba and Tencent backing open-source model firm DeepSeek reflect a more decoupled approach, though closed-source models from major cloud providers still dominate. The $65 billion bet is ultimately about securing a seat at the table in an AI-defined future—where missing the model layer means losing the cloud war.

marsbit7 ч. назад

Google and Amazon Simultaneously Invest Heavily in a Competitor: The Most Absurd Business Logic of the AI Era Is Becoming Reality

marsbit7 ч. назад

Торговля

Спот
Фьючерсы
活动图片