Trust Wallet will cover $7M lost in Christmas Day hack, CZ says

The malicious Trust Wallet extension has also been exporting users’ personal information, pointing to potential insider activity, according to cybersecurity company SlowMist.

Trust Wallet users lost about $7 million in a Christmas Day exploit that had been planned since early December.

Trust Wallet’s browser extension version 2.68 was compromised by a security incident impacting desktop users, Trust Wallet said in a Thursday X post; it advised users to upgrade to version 2.89.

Changpeng Zhao, co-founder of Binance, which owns the cryptocurrency wallet that claims to serve 220 million users, said in a Friday X post that the lost funds will be covered.

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