Trust Wallet has announced that it will reimburse users who lost funds in a security incident that resulted in nearly $170,000 in losses. The company discovered the vulnerability in November 2022, after a security researcher reported a WebAssembly vulnerability in the open-source library Wallet Core. The issue impacted wallet addresses created through the browser extension between November 14 and 23, 2022, and resulted in two exploits that led to a total loss of nearly $170,000.
Approximately 500 vulnerable addresses remain, with an $88,000 balance, according to a report. Trust Wallet has urged affected users to move the remaining balance on all vulnerable addresses as soon as possible. The company has also created a reimbursement process for affected users and will provide gas fee assistance to cover the costs of fund transfers.
Users who experienced abnormal fund movement in late December 2022 and late March 2023 may be among those affected by the two exploits. Trust Wallet has urged affected customers to create a new wallet and transfer their funds. Users with vulnerable addresses will be notified through the Trust Wallet browser extension.
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Wallet
Security Incidents
