Trust Wallet Users Suffer Mystery Hack: Over $6 Million Stolen From Hundreds

Reports of a large-scale hack involving Trust Wallet, a popular multi-currency wallet, flooded social media on Thursday. Known blockchain security influencer ZachXBT stated that hundreds were affected, and that over $6 million was siphoned from victims’ wallets.

Over $6 Million Siphoned from Trust Wallet Users

Several victims have been affected by a mystery hack hitting Trust Wallet users.

Blockchain influencer ZackXBT broke the news in his Telegram channel, alerting that several Trust Wallet users had reported having their funds drained.

Following this initial report, ZachXBT stated that the number of victims had risen into the hundreds and that over $6 million had been siphoned from these victims in SOL, EVM tokens, and BTC.

While the cause of the hack is still to be determined, X user Akinator stated that it could be related to a supply chain attack as part of the latest December 24 update of the wallet’s browser extension.

He assessed:

A recent update added hidden code that silently sends wallet data outside. It pretends to be analytics, but it tracks wallet activity and triggers when a seed phrase is imported.

This theory is consistent with reports on social media claiming that these funds were withdrawn after inputting seed phrases into Trust Wallet’s browser extension.

ZachXBT added that he hoped Trust Wallet would offer compensation to victims if there is confirmation that the wallet is responsible for this incident.

Threat Researcher Vladimir S. claims that he contacted a Trust Wallet team member anonymously. “From what I know, if you have the TW extension in Google and you have money there, disconnect the computer on which it is installed from the network and the Internet. This will minimise damage,” he stressed.

At the time of writing, Trust Wallet has not responded to these allegations, but Vladimir S. states that they are investigating and will share news about this incident soon.

Read more: Employee of Indian Exchange Arrested in $44M Crypto Hack, Malware Blamed

FAQ

• What has happened to Trust Wallet users recently?

Numerous users have reported being hacked, resulting in over $6 million in funds being drained from wallets, including SOL, EVM-based tokens, and BTC.

• What theory has emerged regarding the cause of the hack?

Some believe the hack may be related to a supply chain attack linked to a December 24 update of the wallet’s browser extension, which allegedly included hidden tracking code.

• What precautions has a threat researcher recommended to Trust Wallet users?

Users are advised to disconnect their devices from the Internet if they have the Trust Wallet extension installed to minimize potential damage.

• Has Trust Wallet responded to the allegations about the hack?

Trust Wallet has not issued a statement regarding the incident yet, but they are reportedly investigating the situation.