Trust Wallet Hack

TOTAL LOST $7.0M
Medium Private Key Compromised (Supply Chain Attack) / Access Control bitcoin ethereum solana

Summarize with AI

Affected Chain bitcoin 3 chains affected
Recovered - No recovery reported
All-Time Rank #363 By amount stolen
Protocol Type Wallets Target category

Incident Overview

On December 26, 2025, Trust Wallet Browser Extension version 2.68 was compromised, resulting in approximately $6-7 million drained from users' wallets after a malicious update pushed to the Chrome Web Store.

The breach was first flagged on December 25 by on-chain detective ZachXBT who noticed multiple Trust Wallet users reporting funds being drained within hours of the Chrome extension pushing a new update to version 2.68. The compromised extension gained access to users' private keys, allowing malicious actors to authorize unauthorized transfers of cryptocurrency to attacker-controlled addresses. The exploit exclusively affected Browser Extension version 2.68, with mobile-only users and all other browser extension versions remaining unimpacted.

Trust Wallet quickly identified the security incident and released version 2.69 as a secure replacement, urging users to disable version 2.68 immediately and upgrade through the official Chrome Web Store. The rapid movement of stolen funds to multiple centralized exchanges suggests a coordinated laundering operation, though the involvement of regulated exchanges may facilitate potential fund recovery efforts.

Incident Report

Protocol / Project Trust Wallet
Date of Incident
Affected Chain(s) bitcoin ethereum solana
Attack Technique Private Key Compromised (Supply Chain Attack) / Access Control
Classification Infrastructure / Other
Primary Source View Post-Mortem

Protocol Information

Protocol Type Wallets
Official Website trustwallet.com/
Protocol Twitter/X @TrustWallet
Team Anonymous
Source Code Unverified

Market Context at Time of Hack

Token Price at Hack $0.8298
Market Cap at Hack $345.7M
% of Market Cap Stolen 2.02%
Token Categories
Wallet Solana Ecosystem Polygon Ecosystem BNB Chain Ecosystem Binance Ecosystem Binance Listing

What the Attacker Needed to Succeed

Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.

Technical Knowledge Operational-security tradecraft (phishing, malware, leaked seed phrases, or insider access) to obtain treasury signing authority
Capital Required Minimal capital - only enough to cover Solana network fees while draining the compromised accounts
On-Chain Access Valid signing authority over the compromised stake accounts and treasury wallets, allowing direct transfer of funds or stake authorization
Target Reconnaissance Identification of Trust Wallet's high-value treasury accounts and the authority / multisig structure controlling them
Execution Speed Speed to drain the compromised accounts before the team detects the breach and revokes signing authority or freezes the assets
Obfuscation Plan A strategy to launder and move stolen funds - typically through mixers, cross-chain bridges, or decentralized DEX swaps to resist tracing

What Auditors Should Check

Could this have been caught in audit? Hard to catch — private key / OpSec failures are outside smart contract audit scope

If you're auditing a protocol with similar architecture to Trust Wallet, these are the critical security checks that could have prevented this incident (December 2025).

  • Verify all logic paths related to Private Key Compromised (Supply Chain Attack) / Access Control are guarded by proper access controls and input validation - see the Access Control Attacks attack class for patterns
  • Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs

Master these auditing techniques with hands-on labs and real exploit scenarios in the Smart Contract Hacking course.

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Related Attack Classes

The technique used in this hack maps to these vulnerability classes in our security curriculum:

See all Access Control Attacks examples →

Sources & References

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