Binance's Trust Wallet extension hacked; users lose $7M
Link: https://www.web3isgoinggreat.com/?id=trust-wallet-hack
Discussion: https://news.ycombinator.com/item?id=46424892

Binance's Trust Wallet extension hacked; users lose $7 million
The Trust Wallet Chrome extension was compromised in an apparent supply chain attack. People who used the non-custodial wallet extension after it updated to version 2.68 lost funds after malicious code was introduced to exfiltrate wallet seed phrases so that the attackers could then drain the wallets. Victims have lost a combined $7 million due to the compromise.Binance founder Changpeng Zhao — who supposedly has no managerial role at Binance after he and the company were criminally charged in the US — announced that Binance would reimburse users who lost funds.
web3isgoinggreat.com · Web3 is Going Just Great
Link author:
Molly White@molly0xfff@hachyderm.io