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Distributed Capital partner Shen Bo reveals details of $42 million Trust Wallet theft

Shen Bo disclosed that the November 10, 2022 theft from a Trust Wallet hot wallet occurred within roughly 16 minutes and involved assets linked to ETH, BTC and TRON addresses.

BTC
ETH
TRX

Summary

Distributed Capital’s Shen Bo disclosed additional details about a $42 million asset theft from a Trust Wallet hot wallet. According to the new information, the incident took place between 0:46 a.m. and 1:02 a.m. EST on November 10, 2022. The stolen assets were associated with ETH, BTC and TRON addresses, adding further specificity to the previously disclosed wallet and asset information tied to the hack.

Terms & Concepts
  • Trust Wallet: A crypto wallet application that lets users store and manage digital assets directly on their devices.
  • ETH: The native cryptocurrency of the Ethereum blockchain, commonly used for payments, fees and transfers on the network.
  • TRON: A blockchain network and digital asset ecosystem whose addresses can hold and transfer TRON-based assets.