Trust Wallet Hack Victim? Here Is Your Compensation 101
Analysis
Price Impact
MedThe initial $7 million hack on trust wallet's google chrome extension created significant security concerns. however, the immediate and official reimbursement program announced by ceo eowyn chen significantly mitigates the negative impact, potentially preventing a strong bearish reaction on bnb, the native token of the binance ecosystem where trust wallet operates.
Trustworthiness
HighThe information comes directly from trust wallet ceo eowyn chen via her x account and is reported by a credible crypto news outlet (u.today), providing specific details about the reimbursement process.
Price Direction
NeutralWhile the hack itself is a bearish security incident, trust wallet's swift and responsible action to reimburse affected users helps to restore confidence. this responsive action is likely to prevent a prolonged negative price movement, leading to a neutral or slightly stabilizing effect for associated assets like bnb.
Time Effect
ShortThe market's reaction to security breaches and subsequent mitigation efforts typically occurs in the short term as investors digest the news and the company's response. the immediate impact of the reimbursement program will be felt over the next few days to weeks.
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Article Content:
Cover image via u.today Read U.TODAY on Google News Trust Wallet started reimbursement program, CEO Eowyn Chen says $7 million Trust Wallet hack: What we know so far Advertisement Eowyn Chen, the CEO of Trust Wallet, a Binance ecosystem self-custody crypto wallet that had its Google Chrome extension compromised yesterday, shares the first details of its reimbursement road map. Meanwhile, it is still unknown how the attackers managed to inject malicious code into the plugin release. Trust Wallet started reimbursement program, CEO Eowyn Chen says All Trust Wallet users who lost their funds as a result of the Dec. 24-26 Google Chrome extension hack can claim a refund via a purpose-made domain. Such a statement was posted by Trust Wallet CEO Eowyn Chen on her X account. As per the statement, affected users should only apply for the compensation via the official dashboard. The procedure will be conducted with the minimum volume of details to fill. HOT Stories Crypto Market Prediction: Bitcoin Could Spike Above $90,000, Shiba Inu (SHIB) Hits Hidden Reversal Level, Will Ethereum's (ETH) New Year Pump Happen? Fidelity’s Macro Guru Turns Bearish on Bitcoin Morning Crypto Report: Legendary Trader Speaks out on $24,111 Bitcoin Anomaly on Binance, Cardano's Hoskinson Calls out New Project and Brings up XRP, Dogecoin (DOGE) Posts 'Naughty List' CZ Reacts to Trust Wallet Hack. Are Funds SAFU? Users interested in reimbursement should specify their email addresses, compromised wallet addresses, the hacker's addresses and wallet-draining transaction hashes. Advertisement In the description field of the request, users should share the current reimbursement sum and the address of the new wallet for compensation. Chen recommended to create a new wallet specially for the reimbursement procedure. $7 million Trust Wallet hack: What we know so far Also, data about the residence of victims is collected for further criminal proceedings against the malefactors. The Trust Wallet team stresses that users should stay aware about potential impersonation scams with fake compensation programs. The legitimate initiative does not ask for passwords, personal data and seed phrases. Advertisement As covered by U.Today previously, attackers injected malicious JavaScript code into the v2.68 release of the Google Chrome plugin of Trust Wallet. All users who logged in between the release (Dec. 24) and the attack's discovery (Dec. 26) have had their seed phrases intercepted by thieves. You Might Also Like Fri, 12/26/2025 - 12:53 Multimillion TrustWallet Hack: Here's What Is Known So Far By Vladislav Sopov It is highly likely that the attack became possible due to a leak of API keys involved in the process of publishing Trust Wallet upgrades in Google Chrome's plugin marketplace. #Trust Wallet