Trust Wallet Hack Hits $7M: CZ Hints at Possible Insider Role

tldr; Trust Wallet confirmed a security breach affecting version 2.68 of its browser extension, leading to $7 million in losses. The vulnerability, potentially a supply chain attack, allowed attackers to access users’ seed phrases. Binance CEO Changpeng Zhao (CZ) suggested possible insider involvement and assured affected users would be reimbursed. Trust Wallet advised users to upgrade to version 2.69 to mitigate risks. This incident highlights growing concerns over browser-based wallet security amid rising crypto thefts.

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