On Christmas Day 2025, hundreds of Trust Wallet users reported sudden and unauthorized drains from their crypto wallets, totaling more than $7 million in losses across chains like Ethereum, Bitcoin, Solana, and BNB Chain. The Trust Wallet hack is only the latest incident in a long line of exploits this year, with hackers becoming steadily more aggressive in their approach.
The incident was first flagged by prominent on-chain investigator ZachXBT, who issued an urgent alert on Telegram after receiving multiple reports of funds vanishing without user approvals. “Hundreds of Trust Wallet wallets have been hacked in the last 2 hours,” ZachXBT warned, later estimating initial thefts at over $6 million based on tracked addresses. He noted the drains coincided with a recent update to the wallet’s Chrome browser extension.
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Trust Wallet Confirms Extension Breach, CZ Promises Full Reimbursement
Trust Wallet quickly confirmed a “security incident” limited to browser extension version 2.68, urging users to disable it immediately and upgrade to version 2.69 via the official Chrome Web Store. The company emphasized that mobile app users were unaffected.
Former Binance CEO Changpeng Zhao (CZ), who owns Trust Wallet, addressed the breach directly on X.
So far, $7m affected by this hack. @TrustWallet will cover. User funds are SAFU. Appreciate your understanding for any inconveniences caused. 🙏
The team is still investigating how hackers were able to submit a new version. https://t.co/xdPGwwDU8b
— CZ 🔶 BNB (@cz_binance) December 26, 2025
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He assured full reimbursement for verified losses caused by this Trust Wallet hack and said the team is investigating how a malicious version was submitted.
Analyses suggest a supply-chain compromise, where hidden code in the update exfiltrated seed phrases, allowing attackers to sweep funds instantly. Some experts speculate possible insider involvement due to the sophisticated nature of the exploit.
This was the years of hacks with crypto thefts exceeding $3 billion. North Korea’s Lazarus Group is blamed for nearly 60% of the thefts.
The largest incident was the February breach of Bybit exchange, where hackers stole $1.5 billion in ETH—history’s biggest crypto heist. Other notable attacks included Cetus Protocol on Sui ($223 million), Balancer ($128 million), Iranian exchange Nobitex ($90 million), and Upbit ($30–36 million).
Trust Wallet is contacting affected users, but the incident serves as a reminder to avoid importing seeds into extensions and consider hardware wallets for larger holdings.
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