Trust Wallet open $7M compensation afta seed-phrase leak from Chrome extension
Trust Wallet don open proper claims and compensation process after one bad update for their Chrome extension (v2.68) make wallet seed phrases leak and about $6–7 million vanish. Dem find the breach after unauthorised fund waka for Bitcoin, Solana and EVM‑compatible chains; blockchain investigators and on‑chain analysis talk say plenty of the money enter attacker‑controlled wallets and some centralised exchanges. Trust Wallet patch the extension to v2.69 and talk say only users wey run v2.68 and log in before the cutoff dey affected; mobile apps and other extension versions no suffer. Affected users fit submit claims through official Trust Wallet support form with contact details, compromised wallet addresses, suspected attacker addresses and transaction hashes; each submission go verified one‑by‑one to prevent fraud. Binance and CEO Changpeng Zhao confirm say verified losses go reimbursed and call user funds SAFU. Trust Wallet warn about copycat scams and beg users make dem no ever share seed phrases or private keys. This incident show supply‑chain risks for browser extensions and make clear the need for careful update practices and extension verification. Keywords: Trust Wallet, Chrome extension exploit, seed phrase leak, compensation.
Bearish
Dis exploit an di $6–7M theft fit cause short-term downward pressure for di affected assets price dem, especially tokens wey dey tied to compromised wallets (BTC, SOL and EVM-chain tokens) because compromised private keys fit make big, quick sell-offs happen. Market sentiment about Trust Wallet and browser-extension security fit make people fear non-custodial wallets more, so cautious traders go dey sell. Binance promise to reimburse reduce systemic contagion risk and go help limit medium-term damage, but trust loss and more security scrutiny fit keep volatility high. For long-term, price impact for major assets suppose be small: reimbursements and on-chain tracing reduce realized losses, and history show markets usually recover once funds dey frozen/traced or covered. For traders: expect short-term higher volatility for affected chains, possible liquidation events from attacker activity, and opportunities to trade around news-driven moves — but factor in higher execution and counterparty risk until claims don settle and attacker funds don contain.