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Latest cryptocurrency news > Cryptocurrency > Unexpected Crisis Hits a Renowned Cryptocurrency Wallet
CryptocurrencyCRYPTOCURRENCY SECURITY

Unexpected Crisis Hits a Renowned Cryptocurrency Wallet

BH NEWS
Last updated: 26 December 2025 10:38
BH NEWS 2 months ago
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Shortly after updating to version 2.68.0 of its Chrome extension, Trust Wallet, known for its popularity among cryptocurrency users, faced a serious security breach. Users reported through social media that their wallets, once seed phrases were entered, were depleted swiftly. The breach appeared to primarily affect Bitcoin, Ethereum, and BNB, leading to speculation of potentially significant financial losses and sparking debates regarding the security reliability of browser-based wallets.

Contents
How Did the Transfers Occur?Could Losses Surpass $4.3 Million?

How Did the Transfers Occur?

Analyzing the breach, blockchain analyst ZachXBT identified quick, unusual transfers from various Trust Wallet accounts. Following the update, users observed transactions made in rapid succession, shifting funds across different addresses within moments.

The breach was notable for its efficiency; the attackers did not disperse funds gradually but acted decisively, emptying Bitcoin, Ethereum, and BNB holdings in a singular, forceful move. The stolen assets were subsequently channeled through an intricate web of addresses, hinting at an organized offensive.

Could Losses Surpass $4.3 Million?

Blockchain records currently link a minimum of $4.3 million in cryptocurrencies to addresses flagged for suspicious activity. However, this sum likely underrepresents the true scale of the losses, as it omits data from unreported instances. Addresses highlighted by ZachXBT, which aggregated resources from various compromised accounts, display a consistent pattern of illicit transactions.

In reaction to this breach, Trust Wallet published an official update on December 26, 2025. The notification described the breach as being due to a security lapse in version 2.68 of the Trust Wallet Browser Extension. They urged users to promptly deactivate this version and upgrade to version 2.69. In their communication, they expressed regret over the incident and confirmed that an exhaustive inquiry is underway.

“Our team is dedicating resources to addressing the vulnerability and ensuring user funds are protected,” a Trust Wallet spokesperson stated.

– Quick action is essential; users should disable the affected version immediately.
– Trust Wallet is committed to resolving the breach and strengthening security measures.
– The community is advised to stay informed on security updates and wallet management practices.

Public concern underscores the need for robust security strategies in the field of digital finance. Trust Wallet’s ongoing investigation reflects an urgent commitment to addressing the underlying vulnerabilities and restoring user confidence in its platform.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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