TrustWallet will cover the approximately $7mn lost in a hack of its browser extension on Christmas Day, Binance Founder Changpeng Zhao said today in a post on X.
Trust Wallet To Cover $7mn Lost In Christmas Day Extension Hack
26 December 2025 - 15:01 CET
By Sandmark staff
"So far, $7m affected by this hack. @TrustWallet will cover. User funds are SAFU. Appreciate your understanding for any inconveniences caused,'' the former Binance CEO also known as CZ said in the post. Investigations are continuing how the hack occurred, he said, conceding in a subsequent X post that it was "most likely'' to have been perpetrated by an insider.
TrustWallet said yesterday the problem involved version 2.68 of its browser extension , urging users to disable it and upgrade to 2.69. Mobile-only users and all other browser extension versions are not impacted, it said.
According to Yu Xian, co-founder of the blockchain security firm TrustMist, the attacker apparently started preparations as early as 8 Dec, successfully implanted the backdoor on 12 Dec, and began transferring funds yesterday.
Personal wallet compromises surged to an estimated 158,000 incidents affecting at least 80,000 victims, even as the total value stolen from individuals fell to about $713mn, Chainalysis said last week. Overall, the cryptocurrency industry witnessed over $3.4bn in theft from January through early December 2025, with the February compromise of Bybit alone accounting for $1.5bn of that total.
