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Trust Wallet exploited Christmas vulnerability, causing users to lose approximately $7 million, suspected to be related to insider involvement.
🔷 The Trust Wallet browser extension version 2.68 was found to have a backdoor, mainly affecting desktop users; Trust Wallet recommends updating to v2.89.
🔷 Changpeng Zhao (CZ) – co-founder of Binance (the company that owns Trust Wallet) confirmed that Binance will compensate for all damages.
🔷 According to SlowMist, the attacker prepared from 8/12, installed the backdoor on 22/12, and withdrew funds on Christmas; the malware also collected personal data sent to the attacker’s server.
🔷 ZachXBT stated that hundreds of users were affected; some experts (including Anndy Lian) and CZ believe it is highly likely an inside job, as the attacker could push the infected extension to the website.
🔷 Chainalysis: excluding the $1.4 billion incident at Bybit, personal wallet cases accounted for 37% of the stolen value in 2025 — indicating increasing risks.
➡️ Recommendation: Trust Wallet users should upgrade to the latest version immediately, check their computers for (malware), and monitor compensation announcements from Binance/Trust Wallet.#Gate2025AnnualReportComing #ETFLeveragedTokenTradingCarnival $BTC $ETH $XRP