Multiple Trust Wallet users have experienced unauthorized withdrawals in recent hours as assets were drained from their addresses without approval, taking more than $7 million, according to blockchain researcher ZachXBT.
However, the occurrence and timing of the incident have raised concerns since it followed a recent update to Trust Wallet’s Chrome extension that was released on December 24.
Data shows a huge number of transfers between affected wallets, with a spike in activity for several hours after updates are rolled out.
According to Trust Wallet, the incident only affected browser extension version 2.68 and users were advised to disable it and upgrade to 2.69 immediately.
However, mobile-only users and all other extension versions are unaffected.
We have identified a security incident that only affects the Trust Wallet Browser Extension version 2.68. Users with browser extension 2.68 should disable it and upgrade to 2.69.
Please refer to the official Chrome Webstore link here: https://t.co/V3vMq31TKb
Please note: mobile users only…
— Trust Wallet (@TrustWallet) December 25, 2025
The hack primarily targeted BTC, ETH, BNB, and USDC, where in every reported case the funds were transferred immediately and the reported activity did not show gradual or phased withdrawals.
ZachXBT has identified several addresses associated with the reported thefts, including 0x3b09A3c9aDD7D0262e6E9724D7e823Cd767a0c74, 0x463452C356322D463B84891eBDa33DAED274cB40, and 0xa42297ff42a3b65091967945131cd1db962afae4.
These addresses received funds from multiple affected wallets.
Incident causes immediate concern in the crypto community
Against the backdrop, the Trust Wallet report has raised serious concerns in the crypto space, with the timeline highlighted by transaction data, with the focus still on the recent Chrome extension update.
Binance co-founder Changpeng “CZ” Zhao has confirmed that Trust Wallet will cover the lost funds, with assurances that the team is still investigating how the hackers were able to submit a new version.
So far, $7 million has been affected by this hack. @TrustWallet will cover. User funds are SAFU. We appreciate your understanding for any inconveniences. 🙏
The team is still investigating how hackers could submit a new version. https://t.co/xdPGwwDU8b
— CZ 🔶BNB (@cz_binance) December 26, 2025
Those who suspect a compromise are advised to move the remaining funds to new wallets created from new seed phrases.
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