Trust Wallet is in the middle of its refund process for a subset of users affected by a security breach related to its Chrome browser extension. Wallet company Web3 appears to be covering up the fallout that quickly drained around $7 million in digital assets.
In a new article on X, Trust Wallet said that users affected by the browser extension version v2.68 malicious update incident may be eligible for faster verification. The payment process may be seamless if compromised users’ wallets had already received funds from a Binance account before December 24, 2025. However, the acceleration route only applies to Binance users. They just need to make ownership verification simpler.
He added that eligible users will be contacted directly through the same thread used for their original support ticket. Affected users will receive instructions on how to submit a verification video. During this time, users who are not eligible will continue to follow the standard refund process. The company has already warned that it could take longer due to manual review requirements.
“We will only contact you via the same Trust Wallet support email used to respond to your initial complaint,” wallet company Web3 said. It urges users to remain cautious of identity theft attempts.
TWT Remains Stable Despite $7M Trust Wallet Exploit
This announcement follows Trust Wallet’s confirmation last week that its Chrome extension had been compromised. Malicious code was integrated into version 2.68 of the software. The wallet provider had mentioned that the attack turned out to be the theft of around $7 million worth of crypto assets. It covers all kinds of multiple blockchains including Bitcoin, Ether, and Solana.
PeckShield, in an article, highlighted that more than $4 million in stolen funds were quickly routed through centralized services. This involved ChangeNOW, FixedFloat and KuCoin. Around $2.8 million remained in wallets controlled by the attackers.
The Trust Wallet Token (TWT) didn’t see much of a slowdown during the latest hack. TWT price jumped 8% in the last 7 days. It remained down about 9% over the past 30 days. It is trading at an average price of $0.93 at press time. On the other hand, Binance BNB benefited from the market rally. BNB price increased by 7% over the last 7 days. It is trading at an average price of $911.29 at press time.
Token prices calmed when Trust Wallet announced that it had launched a formal complaints process for affected users. This required details such as compromised wallet addresses, attacker addresses and transaction hashes.
Binance steps in
Binance acquired Trust Wallet in 2018. Its co-founder CZ also confirmed that all verified losses would be covered. “So far $7 million has been affected by this hack. TrustWallet will cover it,” Zhao wrote on X. He added that user funds are “SAFU.”
The first incident came to light after on-chain investigator ZachXBT warned on Telegram that several Trust Wallet users had reported a leak of funds. This happened shortly after the expansion’s update on December 24. Trust Wallet released a patched version – version 2.69 – on December 25.
Trust Wallet CEO Éowyn Chen later said the breach came from a Chrome Web Store API key leak. This allowed the attackers to release the compromised extension without going through the company’s internal release process.