Binance founder and head of YZi Labs, which manages Trust Wallet, Changpeng Zhao, urged users of the browser version 2.68 to immediately disable or uninstall it and then install the updated version 2.69.
Trust Wallet promised to reimburse all incurred losses. After the incident, the value of the native token TWT temporarily fell by 7 percent but soon regained its position, trading at around $0.83.
According to preliminary data, malicious code was embedded in the 2.68 browser extension, which intercepted users' secret phrases during wallet import and transmitted them to the attackers. Changpeng Zhao suggested that the hack could have been orchestrated by an insider.
