The Trust Wallet hacking incident revealed a significant gap between compensation claims and actual damages, prompting the company to enhance its verification processes. Approximately 5,000 claims were made, while the verified number of affected wallets stood at 2,596. The attack, attributed to malicious code in a browser extension, led to an estimated loss of $7 million. Trust Wallet is focusing on accurate assessments to uphold the integrity of its compensation strategy. The incident highlights vulnerabilities in self-custody wallets, stressing the need for improved security measures across the industry.