As 2025 draws to a close, the crypto industry has witnessed another hacking incident that has shaken Trust Wallet users. The multi-chain crypto wallet provider experienced a security breach yesterday, resulting in a total loss of approximately $6 million.
Several Trust Wallet users saw unauthorized fund outflows, and hundreds of wallets have been exploited. Now, all the suspicion points to the Trust Wallet Chrome extension, which hackers might have hacked to steal millions. In simple words, users who enabled the browser extension suffered from the breach.
When users install the browser extension, a hidden code in it silently drains wallet data. A vulnerability in the browser extension version has resulted in these immense losses.
The hack has piqued the attention of Trust Wallet executives, and they have noticed that the security incident has affected the browser extension version 2068 only. The Trust Wallet team has also advised users to disable this version and upgrade to 2.69.
However, the exploit did not hit mobile-only users and other browser extension versions, said the Trust Wallet team.
ZachXBT, an on-chain investigator, first flagged the security breach and alerted everyone on X after multiple users reported the issue. As the discussion on the incident spread across different social media platforms, security researchers like EpiK dipped their toes into investigating the incident.
EpiK noted that the “browser extension may have been compromised via a supply-chain attack in the December 24 update.” Moreover, according to the research team, several reports indicate that importing a seed phrase into the extension can lead to immediate wallet draining.
For the uninitiated, a supply-chain attack happens when hackers indirectly exploit something that you use and trust – like a browser extension, a software update, or a wallet app.
Trust Wallet users raise their voice after hack
If you search for the keyword Trust Wallet hack on X, you can see several posts of wallet users indicating the sad stories of their fund losses on Christmas. A user by the name Yuna wrote: “I was coming back from Christmas with my family. Excited to check the markets, maybe catch some opportunities on this year-end dip. Instead, I opened my wallet to find +$300,000 gone.”
Another user said: “I lost everything at 12:33 today. Out of nowhere, my account was being drained.” A day trader, Dan, lost nearly $5,000, but he managed to recover it.
2025: A big year for crypto hacks
Hackers actively used their evil hands in crypto in 2025, executing multiple hacks on prominent blockchain platforms and crypto wallets. Last month, the Upbit exchange was hacked, losing $36.8 million in Solana assets. A couple of weeks before the Upbit hack, the Balancer DeFi protocol suffered from a $128 million hack, signaling another bad luck for decentralized finance.
According to Chainalysis, North Korean hackers have stolen nearly $2.02 billion in crypto assets in 2025, showing a 51% year-over-year increase. In early 2025, Bybit exchange also experienced a heist after hackers exploited over $1.5 billion, marked as the largest single crypto hack ever.
