Trust Wallet Completes First Round of Compensation After Browser Extension Security Issue

Trust Wallet states that about 95% of affected users have submitted claims following the browser extension v2.68 incident, with remaining cases expected to be processed within 30 days.

Summary

Trust Wallet confirmed it has completed the initial round of compensation for users impacted by the browser plugin v2.68 security incident. Approximately 95% of affected funds have already submitted claims, while the remaining claims are expected to be processed within the next 30 days. The company reiterated that users must stop using compromised wallets and complete asset migration before the February 14 deadline.

Terms & Concepts
  • Browser Extension: A software add-on that extends the functionality of a web browser, often used for wallet interactions in crypto applications.
  • Asset Migration: A Trust Wallet feature that allows users to securely transfer their crypto assets from an old wallet to a new one.
  • Trust Wallet: A decentralized cryptocurrency wallet that enables users to store, send, and receive various digital assets securely.