Trust Wallet Browser Extension Security Incident Leads to Losses

By: crypto insight|2025/12/26 18:30:14

Key Takeaways

Trust Wallet identified a significant security breach in its browser extension version 2.68.
Approximately over $6 million in funds have been lost due to this security flaw.
Users are urged to immediately upgrade to browser extension version 2.69.
Blockchain investigator ZachXBT played a crucial role in discovering the extent of the breach.
Only users of the affected extension version are impacted, with mobile users remaining safe.

WEEX Crypto News, 26 December 2025

Trust Wallet Identifies Significant Security Breach

In the world of cryptocurrency, security remains a critical concern, and recent events surrounding Trust Wallet have underscored this reality. Trust Wallet confirmed a major security incident involving its browser extension version 2.68, following alarming reports of fund drain from users’ accounts. The issue came to public attention after blockchain investigator ZachXBT alerted the community about the vulnerability, which resulted in losses exceeding $6 million.

Immediate Response from Trust Wallet

Upon learning about the security flaw, Trust Wallet swiftly issued a statement confirming that the incident affects solely version 2.68 of its browser extension. The company strongly advised users of this version to upgrade immediately to version 2.69 to safeguard their assets. Trust Wallet clarified that the breach did not impact mobile users or other versions of the browser extension. In the fast-evolving crypto environment, such incidents highlight the need for vigilance and prompt action.

Community Alert Leads to Swift Action

The breach was initially flagged by ZachXBT, a well-known figure in the crypto community keen on identifying and preventing fraudulent activities. ZachXBT’s discovery was crucial, as Trust Wallet users were reportedly experiencing rapid depletion of funds shortly after importing their seed phrases into the compromised browser extension. His alert prompted the company to take quick action, underscoring the importance of community vigilance and the role of experts in safeguarding digital assets.

The Extent of the Impact

Following the revelation, Trust Wallet acknowledged the gravity of the incident but stopped short of labeling it as a protocol-level hack. The losses, though substantial, were isolated to users of the specific version, reflecting a contained yet severe security lapse. This incident serves as a reminder of the inherent risks associated with digital wallets and the need for constant updates and vigilance in security practices.

Ongoing Investigations and Community Reaction

The incident has not only sparked concern but also fueled discussions about the overall security of browser-based crypto wallets. With no detailed technical explanation released yet, speculation continues around the potential role of malicious scripts in causing the unauthorized outflows. The crypto community remains on alert, as similar past incidents have involved covert transaction modifications by rogue extensions.

Lessons in Security and Trust

This breach, while unfortunate, offers a stark lesson in the ethical responsibilities of crypto companies to communicate vulnerabilities transparently. Trust Wallet’s quick response highlights the essential practices required to maintain user trust and ensure security in the crypto ecosystem. Both businesses and users are reminded of the criticality of robust security measures to protect digital assets.

Action Steps for Affected Users

Trust Wallet advises all users of the affected extension version to either disable or immediately upgrade to the newer, secure version 2.69. Trust Wallet remains committed to user security, continually assessing and enhancing its systems to prevent further breaches. For additional security tips and guidance, users are encouraged to explore resources provided by Trust Wallet.

Stay Updated and Secure

As the investigation into this security breach continues, the importance of staying informed about potential vulnerabilities cannot be overstated. Trust Wallet and other cryptocurrency providers must prioritize user safety and address security threats promptly. For those looking to safeguard their investments, adopting best practices and utilizing reliable platforms, such as WEEX, is highly recommended [sign up here](https://www.weex.com/register?vipCode=vrmi).

FAQ

What was the cause of the Trust Wallet security breach?

The breach was due to a vulnerability in Trust Wallet’s browser extension version 2.68, which allowed unauthorized fund outflows from user accounts.

How much money was lost in this security incident?

The breach resulted in an estimated loss of over $6 million from Trust Wallet user accounts.

Who discovered the security breach?

The issue was brought to light by blockchain investigator ZachXBT, who issued a community alert after observing unusual fund drains.

Are all Trust Wallet users affected by this security incident?

No, only those using the browser extension version 2.68 were affected. Users of other versions, including mobile users, were not impacted.

What should users do if they are using the affected extension version?

Users should immediately upgrade to browser extension version 2.69 to ensure their accounts remain secure.

-- Price

On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.

2025 Full Year and Fourth Quarter Financial and Operational Highlights

• Financial Performance:

Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.

Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.

Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.

• Mining Operations and Costs:

A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.

The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;

The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.

As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.

• Strategic Progress:

The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.

CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."

"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."

The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."

Fourth Quarter 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.

Operating Costs and Expenses

The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.

This includes:

· Cost of Revenue (excluding depreciation): $1.553 billion

· Cost of Revenue (depreciation): $38.1 million

· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)

· Mining Machine Impairment Loss: $81.4 million

· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million

Profit Situation

The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.

The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.

The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.

Full Year 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.

Operating Costs and Expenses

The total annual operating costs and expenses amount to $1.1 billion.

Specifically, they include:

· Revenue Cost (excluding depreciation): $543.3 million

· Revenue Cost (depreciation): $116.6 million

· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)

· Miner Impairment Loss: $338.3 million

· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million

Profitability

The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.

The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.

Financial Position

As of December 31, 2025, the company's key assets and liabilities are as follows:

· Cash and Cash Equivalents: $41.2 million

· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million

· Miner Net Value: $248.7 million

· Long-Term Debt (related party): $557.6 million

In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.

Stock Repurchase

As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

The US AI Startup Is Loving China's Open Source Model

80% of US AI Startups Are Using Chinese Open Source Models

Three Weeks of the US-Iran War: Who's Making Money, Who's Paying the Bill?

Global Losing 10 Million Barrels of Oil Each Day, Russia Earns Over $800 Million in Just Over Two Weeks

Interpreting Polymarket's Major Update Last Night: Fee Expansion, Self-Regulation, and New Incentives

Although there is no information about a token airdrop, the overall community sentiment is optimistic. The real good news is to rhythmically control the positive promotion.

From Human Application to Intelligent Collaboration: How GOAT Network Builds the Next Generation Digital Economy

Embracing the Era of Super Individuals: GOAT Network launches Bitcoin-secured Layer 2 exclusive infrastructure, fully empowering AI entities to usher in a new era of fully automated digital economy.

CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States

CZ connects with the DC Blockchain Summit: The prison memoir is about to be published, harshly criticizing the inaccuracies of traditional media reports, and pointing out that if the U.S. wants to become the "global crypto capital," it urgently needs to introduce more sufficient market competition t...