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Trust Wallet, a Binance-owned cryptocurrency wallet, reported that about $7 million was lost after an update to its Chrome browser extension. The wallet team said the stolen funds would be reimbursed, and Changpeng Zhao, a co-founder of Binance, stated that losses would be reimbursed. Users are advised to avoid version 2.68 and upgrade to version 2.69. Crypto wallets store the keys to users’ cryptocurrency holdings, and malicious actors who gain access can authorize transfers of funds to destinations they control.

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The breach was flagged on Dec. 25 by on-chain detective ZachXBT and later confirmed by the Trust Wallet team. The breach affects version 2.68 of Trust Wallet’s browser extension, with the wallet team posting on X urging users not to open that version and to upgrade to version 2.69. Mobile-only users and all other browser extension versions are not affected.

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