A security warning issued to the shiba inu community regarding a trust wallet extension hack, leading to $7 million in losses, creates immediate fud (fear, uncertainty, doubt). while trust wallet promises refunds, security breaches in associated infrastructure can reduce investor confidence in the broader crypto ecosystem, particularly for a community-focused asset like shib.
The warning comes from the official shiba inu security account (susbarium shibarium trustwatch) and is confirmed by trust wallet and binance's cz. this is a credible and verified security alert.
Security breaches, even if not directly affecting the shib blockchain, tend to foster negative sentiment. the direct alert to the shib community about a potential risk to their assets, coupled with confirmed losses, will likely lead to selling pressure or a slowdown in buying activity as investors de-risk.
The immediate reaction will likely be bearish due to fud. however, if trust wallet successfully refunds affected users and contains the issue to the specific extension version, the long-term impact on shib's price might be mitigated as the market moves past the incident. initial fear will be the strongest.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The Shiba Inu community has been issued a crucial alert following Trust Wallet's security breach that saw $7 million in losses. Advertisement Multi-chain self-custody wallet Trust Wallet recently confirmed a security incident affecting a specific version of its web browser extension. In this light, Shiba Inu-focused X account dedicated to uncovering scams and protecting the community, Susbarium Shibarium Trustwatch, issues an alert to the Shiba Inu community, warning of this critical risk. 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? 🚨SHIBARMY ALERT 🚨 Trust Wallet Extension v2.68 has a security issue. If you’re on 2.68, disable it immediately and update to 2.69 from the official Chrome Webstore. Mobile users + other versions are safe. Stay sharp, ShibArmy, protect your assets. 🔐 More Details below… Advertisement — Susbarium | Shibarium Trustwatch (@susbarium) December 26, 2025 Susbarium warns the Shiba Inu community about Trust Wallet extension v2.68, which has a security issue. Users utilizing this particular Trust Wallet extension are urged to disable it immediately and update to v2.69 from the official Chrome Web Store. However, mobile-only users and all other browser extension versions remain unimpacted. The alert follows an earlier warning issued by Susbarium this December about scammers impersonating tech leads, mods and admins on Discord and Telegram, sending fake "wallet bug" warnings to trick users into connecting to malicious sites. Important notice issued Binance co-founder Changpeng "CZ" Zhao confirmed $7 million losses as a result of the recent Trust Wallet hack. Trust Wallet likewise confirmed this figure, adding that it will ensure all affected users are refunded. Advertisement Please be aware of impersonators. This is the final tweet of this thread. pic.twitter.com/tyJXRK3vs7 — Trust Wallet (@TrustWallet) December 26, 2025 In its recent update, Trust Wallet stated it was actively finalizing the process to refund the impacted users. It further said it will be in close contact with the victims on any progress and updates. In this light, Trust Wallet urges its users never to interact with any messages that do not come from its official channels. The wallet provider also issued an important notice to the crypto community, saying it has observed an increase in scams via Telegram ads, fake "compensation" forms, impersonated support accounts and DMs. It warns users to always verify links, never share their recovery phrase and use official Trust Wallet channels only. #Shiba Inu (SHIB) News #Shiba Inu #Changpeng Zhao