The post Trust Wallet Adds Verification Amid Excess Reimbursement Claims After Chrome Extension Hack appeared on BitcoinEthereumNews.com. Trust Wallet has initiatedThe post Trust Wallet Adds Verification Amid Excess Reimbursement Claims After Chrome Extension Hack appeared on BitcoinEthereumNews.com. Trust Wallet has initiated

Trust Wallet Adds Verification Amid Excess Reimbursement Claims After Chrome Extension Hack

  • Trust Wallet confirmed 2,596 affected addresses from the hack.

  • Nearly 5,000 claims received, suggesting possible duplicates or false submissions.

  • Verification uses multiple data points; $7 million in losses across Bitcoin, Ethereum, Solana, and BNB Chain assets.

Trust Wallet hack reimbursement update: Verification phase launched for 2,596 addresses amid 5,000 claims post-Chrome extension breach. Learn verification process, CEO insights, and victim steps for secure recovery. Stay protected in 2025 crypto security landscape.

What is Trust Wallet’s Reimbursement Process After the Chrome Extension Hack?

Trust Wallet’s reimbursement process involves a mandatory wallet verification phase to authenticate claims from victims of the December 25, 2025, Chrome extension hack. The company identified 2,596 compromised addresses but received around 5,000 claims, prompting rigorous checks to eliminate fraud. CEO Eowyn Chen announced they are prioritizing accuracy, using multiple data points to confirm ownership before issuing reimbursements.

How Did Hackers Compromise the Trust Wallet Chrome Extension?

The Trust Wallet Chrome extension, version 2.68, contained malicious code disguised as an analytics module, registered under the fake domain metrics-trustwallet.com just days prior. When users opened the wallet or entered seed phrases, the code captured and sent data to hackers, enabling wallet restoration and drainage of $7 million in assets like Bitcoin, Ethereum, Solana, and BNB Chain tokens. Blockchain security firm SlowMist noted the attackers likely knew the extension’s source code, facilitating advanced preparation, laundering via exchanges and bridges, and potential dark web sales of stolen user data for around $100 per record.

Trust Wallet CEO Eowyn Chen provided an update on X, stating: “We’re prioritising accuracy over speed to protect affected users, and we aim to share further work-in-progress details as soon as we can, likely tomorrow. So far, we’ve identified 2,596 affected wallet addresses. From this group, we’ve received around 5,000 claims.”

Binance founder Changpeng Zhao confirmed Trust Wallet’s commitment to full victim reimbursements, assuring users that “funds are SAFU” while investigations probe potential insider involvement, though unconfirmed. The team continues internal probes, treating compensation as the top priority with all members focused on resolution.

Earlier reports indicated Trust Wallet launched claim submissions via an online form on its portal, but the surge in claims necessitated verification to distinguish legitimate victims from opportunists. This structured approach ensures funds reach verified owners, rebuilding trust post-incident.

Frequently Asked Questions

Will Trust Wallet Fully Reimburse Victims of the Chrome Extension Hack?

Yes, Trust Wallet pledges full reimbursement to verified victims. With 2,596 confirmed compromised addresses and processes to validate nearly 5,000 claims, CEO Eowyn Chen stresses accuracy to prevent fraud, using data points for ownership proof before payouts.

What Should Users Do If They Suspect Their Trust Wallet Was Compromised in the Hack?

If you used version 2.68 of the Chrome extension around December 25, 2025, check your address against Trust Wallet’s flagged list and submit a claim through their official portal with verification details. Avoid re-entering seed phrases, update to the latest version, and monitor for unauthorized activity to secure your assets.

Key Takeaways

  • Verification Priority: Trust Wallet identified 2,596 hack-affected addresses but verifies 5,000 claims meticulously.
  • Hack Mechanics: Malicious code in extension v2.68 stole seed phrases, draining $7M across major chains.
  • Next Steps for Users: Submit verified claims promptly and update extensions to prevent future risks.

Conclusion

The Trust Wallet hack reimbursement process, including its wallet verification phase, demonstrates a commitment to victim recovery following the Chrome extension breach that compromised 2,596 addresses. By addressing excessive claims and investigating thoroughly, Trust Wallet upholds security standards. Users should prioritize official channels for claims as the crypto ecosystem advances safer protocols in 2025.

Source: https://en.coinotag.com/trust-wallet-adds-verification-amid-excess-reimbursement-claims-after-chrome-extension-hack

Market Opportunity
Intuition Logo
Intuition Price(TRUST)
$0,1162
$0,1162$0,1162
-%0,25
USD
Intuition (TRUST) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

The post American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight appeared on BitcoinEthereumNews.com. Key Takeaways: American Bitcoin (ABTC) surged nearly 85% on its Nasdaq debut, briefly reaching a $5B valuation. The Trump family, alongside Hut 8 Mining, controls 98% of the newly merged crypto-mining entity. Eric Trump called Bitcoin “modern-day gold,” predicting it could reach $1 million per coin. American Bitcoin, a fast-rising crypto mining firm with strong political and institutional backing, has officially entered Wall Street. After merging with Gryphon Digital Mining, the company made its Nasdaq debut under the ticker ABTC, instantly drawing global attention to both its stock performance and its bold vision for Bitcoin’s future. Read More: Trump-Backed Crypto Firm Eyes Asia for Bold Bitcoin Expansion Nasdaq Debut: An Explosive First Day ABTC’s first day of trading proved as dramatic as expected. Shares surged almost 85% at the open, touching a peak of $14 before settling at lower levels by the close. That initial spike valued the company around $5 billion, positioning it as one of 2025’s most-watched listings. At the last session, ABTC has been trading at $7.28 per share, which is a small positive 2.97% per day. Although the price has decelerated since opening highs, analysts note that the company has been off to a strong start and early investor activity is a hard-to-find feat in a newly-launched crypto mining business. According to market watchers, the listing comes at a time of new momentum in the digital asset markets. With Bitcoin trading above $110,000 this quarter, American Bitcoin’s entry comes at a time when both institutional investors and retail traders are showing heightened interest in exposure to Bitcoin-linked equities. Ownership Structure: Trump Family and Hut 8 at the Helm Its management and ownership set up has increased the visibility of the company. The Trump family and the Canadian mining giant Hut 8 Mining jointly own 98 percent…
Share
BitcoinEthereumNews2025/09/18 01:33
FCA, crackdown on crypto

FCA, crackdown on crypto

The post FCA, crackdown on crypto appeared on BitcoinEthereumNews.com. The regulation of cryptocurrencies in the United Kingdom enters a decisive phase. The Financial Conduct Authority (FCA) has initiated a consultation to set minimum standards on transparency, consumer protection, and digital custody, in order to strengthen market confidence and ensure safer operations for exchanges, wallets, and crypto service providers. The consultation was published on May 2, 2025, and opened a public discussion on operational responsibilities and safeguarding requirements for digital assets (CoinDesk). The goal is to make the rules clearer without hindering the sector’s evolution. According to the data collected by our regulatory monitoring team, in the first weeks following the publication, the feedback received from professionals and operators focused mainly on custody, incident reporting, and insurance requirements. Industry analysts note that many responses require technical clarifications on multi-sig, asset segregation, and recovery protocols, as well as proposals to scale obligations based on the size of the operator. FCA Consultation: What’s on the Table The consultation document clarifies how to apply rules inspired by traditional finance to the crypto perimeter, balancing innovation, market integrity, and user protection. In this context, the goal is to introduce minimum standards for all firms under the supervision of the FCA, an essential step for a more transparent and secure sector, with measurable benefits for users. The proposed pillars Obligations towards consumers: assessment on the extension of the Consumer Duty – a requirement that mandates companies to provide “good outcomes” – to crypto services, with outcomes for users that are traceable and verifiable. Operational resilience: introduction of continuity requirements, incident response plans, and periodic testing to ensure the operational stability of platforms even in adverse scenarios. Financial Crime Prevention: strengthening AML/CFT measures through more stringent transaction monitoring and structured counterpart checks. Custody and safeguarding: definition of operational methods for the segregation of client assets, secure…
Share
BitcoinEthereumNews2025/09/18 05:40
Gold continues to hit new highs. How to invest in gold in the crypto market?

Gold continues to hit new highs. How to invest in gold in the crypto market?

As Bitcoin encounters a "value winter", real-world gold is recasting the iron curtain of value on the blockchain.
Share
PANews2025/04/14 17:12