Trust Wallet Faces Flood of Claims After $7 Million Hack

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Trust Wallet Faces Flood of Claims After $7 Million Christmas Hack

Written by Aaron S.,

Editor-In-Chief

Last Updated: December 29, 2025

Key Takeaways

Trust Wallet is verifying user claims after a December 25 hack that compromised its browser extension and desktop users;
The company found 2,596 affected wallets but received nearly 5,000 reimbursement claims;
Losses of about $7 million will be repaid as investigations continue to determine how the security breach occurred.

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Trust Wallet Faces Flood of Claims After $7 Million Christmas Hack

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Trust Wallet is currently focused on confirming user claims after a hack on its browser extension on December 25.

The company said it has identified thousands of affected wallets, but has received many more reimbursement requests than expected.

CEO Eowyn Chen shared on December 29 that 2,596 wallet addresses were linked to the attack. However, nearly 5,000 people have filed compensation claims.

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“Because of this, accurate verification of wallet ownership is critical to ensure funds are returned to the right people,” Chen wrote.

Trust Wallet’s current focus is on verifying information carefully before issuing refunds. Chen said the company wants to make sure the process is fair and secure, even if it takes more time. More updates will be shared as the investigation continues.

Chen noted that an investigation is underway to understand how the breach occurred and to confirm initial findings. She said:

While some data is still being finalised, we already have strong working hypotheses for a portion of the cases.

The security breach, which targeted the extension used by desktop users, caused losses of about $7 million.

Two contributors to the Balancer protocol have proposed distributing part of the funds recovered after the platform’s $116 million exploit in November. What does the proposal cover? Read the full story.