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Trust Wallet will cover $7M lost in Christmas Day hack, CZ says

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 14 Views

The malicious Trust Wallet extension has also been exporting users’ personal information, pointing to potential insider activity, according to cybersecurity company SlowMist.

Trust Wallet users lost about $7 million in a Christmas Day exploit that had been planned since early December.

Trust Wallet’s browser extension version 2.68 was compromised by a security incident impacting desktop users, Trust Wallet said in a Thursday X post; it advised users to upgrade to version 2.89.

Changpeng Zhao, co-founder of Binance, which owns the cryptocurrency wallet that claims to serve 220 million users, said in a Friday X post that the lost funds will be covered.

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