Trust Wallet Launches Compensation Process for Browser Extension Hack Victims

Trust Wallet has launched a compensation claim process on its official support site for users affected by the recent breach of its Chrome browser extension.

According to Trust Wallet’s recent statement, the victims of the hack must provide their wallet address, the attacker’s wallet address,  the transaction ID, and their country of residence to verify each claim.

The company noted that it will review each claim individually, with all submissions being manually checked. It added that accuracy and security are the top priorities during the compensation process.

The launch comes after a recent hack of its browser extension version 2.68, which led to the loss of $7 million in digital assets affecting BTC, ETH, BNB, and SOL wallets.

Blockchain security firm PeckShield stated that over $4 million of the stolen funds had already been transferred through centralized exchanges, including ChangeNow, Fixed Float, and KuCoin. While about $2.8 million was still in wallets controlled by the attacker at the time of reporting.

The hack was revealed on Christmas Day when on-chain investigator ZachBXT issued alerts after users reported their wallets were drained following the update. Trust Wallet quickly released version 2.69 on Dec 25 to remove the malicious code.

Trust Wallet CEO Eowyn Chen said on X that a leaked Chrome Web Store API key allowed hackers publish the harmful extension, bypassing Trust Wallet’s usual checks. Security firm SlowMist added that the malicious code stole users’ wallet recovery phrases using a changed analytic tool.

Crypto Losses Soar to $2.75B in 2025 Amid Rising Sophisticated Hacks

In 2025, crypto losses hit a record high, with hackers stealing money more than ever. TRM Labs reported that a total of $2.7 billion was lost this year.

According to the firm, hackers have become more skilled and are now focusing on centralised crypto exchanges rather than experimental DeFi apps.

North Korean state-backed hackers have grown more advanced, with Chainalysis reporting a 51% rise in the digital assets they stole in 2025.