Crypto Chaos: Trust Wallet Gets Mugged for $7M

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Oh, Trust Wallet. You had one job. 🙄 Apparently, a “security incident” (read: hackers went brrrr) hit their Chrome browser extension version 2.68. If you’re a mobile-only user, you’re chilling 🏖️-unless, of course, you’re chilling while staring at an empty wallet address. Then you’re just crying into your latte. ☕

First, the alarm bells rang on Dec. 25, courtesy of on-chain detective ZachXBT. He posted a Telegram warning that funds were vanishing faster than cookies at a Weight Watchers meeting. 🕵️‍♂️💸 He couldn’t pinpoint the exact cause, but he did notice a suspicious coincidence: Trust Wallet had pushed a new update the day before. Classic. 🚩

NEW: @zachxbt SAYS “A NUMBER OF TRUST WALLET USERS HAVE REPORTED THAT FUNDS WERE DRAINED FROM WALLET ADDRESSES WITHIN THE PAST COUPLE OF HOURS”

SOURCE:

– DEGEN NEWS (@DegenerateNews) December 25, 2025

Trust Wallet Admits: “Oops, Our Bad”

Trust Wallet later confirmed the hack on X, because nothing says “safe and secure” like admitting your wallet got robbed on Twitter. 🎭 They singled out version 2.68 of their Chrome extension and told users to disable it and upgrade to 2.69. Pro tip: If you haven’t updated yet, DON’T OPEN THE EXTENSION. Treat it like your ex’s texts-leave it unopened and move on. 📵

We’ve identified a security incident affecting Trust Wallet Browser Extension version 2.68 only. Users with Browser Extension 2.68 should disable and upgrade to 2.69.

Please refer to the official Chrome Webstore link here:

Please note: Mobile-only users…

– Trust Wallet (@TrustWallet) December 25, 2025

In a follow-up, they gave step-by-step instructions that basically boil down to: Don’t panic. Turn it off. Developer mode. Update. Confirm. It’s not exactly a spa day, but it’s better than losing $6M to some hacker named “CryptoBandit69.” 💻🧨

Speaking of $6M, cybersecurity firm PeckShield crunched the numbers and confirmed the damage. They noted that about $2.8M is still chilling in the hacker’s wallets, while the rest went to exchanges faster than a kid on Christmas morning. 🎅💨

Then came the big question: Compensation? ZachXBT asked Trust Wallet point-blank if they’d make victims whole. Trust Wallet dodged the question like a politician avoiding term limits 🏃‍♂️ and said they’re “working with impacted users.” Classic PR speak for “We’re figuring it out, don’t sue us.” 👀

UPDATE: Binance founder Changpeng Zhao swooped in like a crypto superhero 🦸‍♂️ and confirmed Trust Wallet will cover the $7M loss. “User funds are SAFU,” he tweeted, because nothing screams reassurance like a made-up acronym. 🛡️

Meanwhile, the total crypto market cap is sitting at $2.95 trillion, proving that even in chaos, crypto still has more zeros than a math textbook. 🧮

Crypto Market Cap Chart

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2025-12-26 14:22