Haciyev Reşit 
Security concerns have resurfaced in the cryptocurrency ecosystem. On-chain investigator ZachXBT, well known for his blockchain analysis, has uncovered a serious security breach affecting Trust Wallet users. Following numerous reports from the community, initial investigations revealed unauthorized fund outflows from several wallets. According to early findings, total user losses from the incident have exceeded $6 million.
Security Incident Detected in Trust Wallet Browser Extension
Crypto wallet provider Trust Wallet confirmed on Thursday that it had identified a security incident affecting a specific version of its browser extension. According to the statement, the issue was limited to Trust Wallet Browser Extension version 2.68.
The company advised users running this version to immediately disable the extension and update to version 2.69. Trust Wallet also emphasized that its mobile applications and other browser extensions were not affected by the incident.
“We strongly recommend that users with Browser Extension version 2.68 disable the extension and upgrade to version 2.69. We understand how concerning this situation is for our users, and our teams are actively investigating the issue.”
— Trust Wallet official statement
ZachXBT: Hundreds of Users Affected
The incident first came to public attention through a community alert shared by ZachXBT on Telegram. He stated that he had received reports from a large number of Trust Wallet users regarding unauthorized fund transfers within a short period of time. While the exact technical cause has not yet been confirmed, the researcher noted that the cases appear to coincide with the timing of the most recent update to the Trust Wallet Chrome extension.
According to the initial list of theft addresses shared by ZachXBT, the attacker stole more than $6 million in cryptocurrency from hundreds of users. At the time of writing, the wallet believed to belong to the attacker reportedly held approximately $2.4 million in assets transferred from victims.
Statement from CZ: Losses Will Be Reimbursed
Changpeng Zhao (CZ), founder of Binance and owner of Trust Wallet, issued a statement to reassure users. Zhao said that the total losses identified so far are approximately $7 million, adding that Trust Wallet will compensate affected users.
“Trust Wallet will cover these losses. User funds are safe.”
— Changpeng Zhao (CZ)
A Concerning Picture for Crypto Security
This incident comes amid a period of rising attacks and phishing campaigns across the cryptocurrency sector. According to data from blockchain analytics firm Chainalysis, total cryptocurrency thefts have surpassed $3.4 billion from the beginning of the year through December. This figure indicates that security risks have not diminished compared to last year.
The Trust Wallet breach once again highlights how critical a risk factor browser extensions can be for crypto users. Findings from ZachXBT and confirmations from Trust Wallet underscore the importance of closely monitoring updates and not neglecting security precautions. Developments suggest that crypto wallet security will remain a major topic of discussion in the period ahead.
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