Trust Wallet Alerts Users to Security Breach
Trust Wallet issued a critical security warning on January 17, 2026, reminding its users that the company will never request mnemonic phrases or private keys. The company urged users to contact official channels for any guidance or assistance.
This advisory comes in the wake of a significant security breach affecting the Trust Wallet browser extension. The incident underscores the ongoing cybersecurity challenges within the cryptocurrency sector and has prompted urgent measures aimed at recovering user assets.
Browser Extension Vulnerability Leads to $7 Million Loss
Trust Wallet alerted its user base via the social platform X about a serious security threat. The company reiterated that legitimate communications from Trust Wallet will never solicit mnemonic phrases or private keys. The breach specifically exploited a vulnerability in version 2.68 of the Trust Wallet browser extension, which led to unauthorized access and the subsequent draining of user assets.
Approximately $7 million in user funds were compromised in this incident. The stolen assets included popular cryptocurrencies such as Bitcoin and Ethereum. Users who were affected by the breach were advised to immediately suspend any ongoing transactions and to reach out to official Trust Wallet channels for support.
"So far, $7m affected by this hack. Trust Wallet will cover. User funds are SAFU." - Changpeng Zhao, Founder, Binance
Following the announcement, Binance CEO Changpeng Zhao confirmed on X that Binance would provide full compensation to all affected Trust Wallet users. The security firm SlowMist identified that the breach originated from a supply-chain compromise. This involved a malicious domain, "metrics-trustwallet[.]com," which was used to facilitate the attack.
Bitcoin Market Performance Amidst Wallet Security Concerns
Security breaches affecting cryptocurrency wallets saw a substantial increase of 70% between 2024 and 2025. This trend highlights the escalating necessity for robust cybersecurity measures in the digital asset space.
Bitcoin (BTC) is currently trading at $95,312.12, with a total market capitalization of $1.90 trillion. Bitcoin continues to dominate the market, representing 58.99% of the total cryptocurrency market cap. In the last 24 hours, the trading volume for Bitcoin decreased by 45.55%, reaching $25.01 billion. Despite recent market volatility, Bitcoin's price has shown resilience, increasing by 7.98% over the past 30 days.
Analysis from Coincu suggests that the implementation of enhanced security protocols within cryptocurrency wallets could lead to a reduction in future breach incidents. Furthermore, the combination of effective regulatory oversight and advancements in wallet security technology holds the potential to mitigate the risks associated with browser-based vulnerabilities.