{"id":92749,"date":"2025-12-29T17:59:08","date_gmt":"2025-12-29T14:59:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92749"},"modified":"2025-12-29T18:00:21","modified_gmt":"2025-12-29T15:00:21","slug":"trust-wallet-faces-surge-in-fraudulent-compensation-claims","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/trust-wallet-faces-surge-in-fraudulent-compensation-claims\/","title":{"rendered":"Trust Wallet Faces Surge in Fraudulent Compensation Claims"},"content":{"rendered":"<p>The Trust Wallet team has moved to the stage of verifying users affected by the recent hack of its browser extension. Project head Eowyn Chen reported an unexpectedly high number of compensation claims.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">2\/ We\u2019re prioritising accuracy over speed to protect affected users, and we aim to share further work-in-progress details as soon as we can, likely tomorrow.<\/p>\n<p>So far, we\u2019ve identified 2,596 affected wallet addresses. From this group, we\u2019ve received around 5,000 claims which\u2026<\/p>\n<p>\u2014 Eowync.eth (@EowynChen) <a href=\"https:\/\/twitter.com\/EowynChen\/status\/2005408576387571855?ref_src=twsrc%5Etfw\">December 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company identified 2,596 compromised addresses. However, the number of compensation requests has already approached 5,000, indicating a high percentage of duplicates or fraudulent attempts.<\/p>\n<p>According to Chen, accurate verification of wallet ownership is crucial for returning funds to the rightful owners. Developers are cross-referencing data from multiple sources to weed out fraudsters. The company has prioritized verification accuracy over the speed of payouts.<\/p>\n<p>The attack on the desktop version of Trust Wallet <a href=\"https:\/\/forklog.com\/en\/news\/trust-wallet-users-suffer-7-million-hack\">occurred<\/a> on December 26. Hackers siphoned off assets worth $7 million. Former Binance head Changpeng Zhao assured that the project team would fully compensate the losses.<\/p>\n<p>On-chain investigator ZachXBT suggested that the recent update of the Chrome wallet might be the cause. Platform representatives have yet to confirm this theory, continuing their internal investigation.<\/p>\n<h2 class=\"wp-block-heading\">Arrest of a Coinbase Insider<\/h2>\n<p>While Trust Wallet examines hypotheses, Coinbase CEO Brian Armstrong reported the actual arrest of an insider. Indian police detained a former customer service agent of the exchange.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We have zero tolerance for bad behavior and will continue to work with law enforcement to bring bad actors to justice. <\/p>\n<p>Thanks to the Hyderabad Police in India, an ex-Coinbase customer service agent was just arrested. Another one down and more still to come.<\/p>\n<p>\u2014 Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/2004583231165780024?ref_src=twsrc%5Etfw\">December 26, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In May, hackers bribed company staff to steal clients&#8217; personal data and <a href=\"https:\/\/forklog.com\/en\/news\/coinbase-discloses-data-breach-and-declines-20-million-ransom\">demanded a ransom of $20 million<\/a>. Coinbase estimated potential costs of mitigating the attack&#8217;s consequences at $400 million.<\/p>\n<p>Armstrong declared &#8220;zero tolerance&#8221; for staff misconduct and promised to hold those responsible accountable in collaboration with law enforcement.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cAnother one down, more still to come,\u201d concluded the Coinbase CEO.<\/em><\/p>\n<\/blockquote>\n<p>Since the beginning of the year, hackers <a href=\"https:\/\/forklog.com\/en\/news\/losses-from-crypto-hacks-reached-3-4bn-in-2025\">have stolen<\/a> over $3.4 billion in cryptocurrency, according to Chainalysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Trust Wallet team has moved to the stage of verifying users affected by the recent hack of its browser extension.<\/p>\n","protected":false},"author":1,"featured_media":92750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Trust Wallet verifies users after browser extension hack.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[776,2164,57],"class_list":["post-92749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-trust-wallet","tag-verification","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"205","promo_type":"1","layout_type":"1","short_excerpt":"Trust Wallet verifies users after browser extension hack.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=92749"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92749\/revisions"}],"predecessor-version":[{"id":92751,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92749\/revisions\/92751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/92750"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=92749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=92749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=92749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}