Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Trust Wallet Investigates Browser Extension Security Incident
Key Takeaways
- A recent security incident in Trust Wallet’s browser extension has affected 2,596 wallets, leading to the company receiving about 5,000 compensation requests.
- Trust Wallet is working diligently to verify claims to identify genuine victims.
- The incident is currently a top priority for the company, with all team members actively involved in resolving the issue.
- More investigation details are promised to be shared by the company in the coming days.
WEEX Crypto News, 29 December 2025
In a significant cybersecurity development, Trust Wallet, an essential platform in the world of cryptocurrency, has disclosed an incident affecting a considerable number of its users. The breach involves a notable vulnerability within its browser extension, a tool used by many to manage digital assets securely.
Trust Wallet Faces Security Breach
The breach was initially detected in the Trust Wallet’s Google Chrome extension. According to the latest reports, the incident is attributed to malicious code modifications that infiltrated the extension’s analytics logic. This sophisticated attack underscores the relentless threats faced by digital platforms handling cryptocurrencies, as they remain lucrative targets for cybercriminals.
Upon discovery, Trust Wallet promptly advised its users to update the affected extension to a more secure version. The company assured the safety and integrity of the primary wallet application while signaling that proactive steps are being taken to fortify their platform against future vulnerabilities.
Impact and Response
The incident has left approximately 2,596 wallet addresses vulnerable, prompting over 5,000 claims for compensation from impacted users. Trust Wallet’s management has expressed commitment to investigating each claim meticulously to differentiate between legitimate victims and potential fraudulent claims.
Eowync.eth, Trust Wallet’s CEO, emphasized that addressing this breach is now the company’s primary focus. The team is thoroughly engaged in uncovering how the breach transpired and is working towards compensating affected users appropriately. The company’s dedication to user trust and safety is being tested, and it is pivotal for Trust Wallet to manage this incident effectively to maintain its reputation as a reliable provider in the crypto space.
Security Measures and Future Plans
Trust Wallet has been known for its robust self-custody models, which have so far provided a sense of security and autonomy to its users. In dealing with the current breach, the company’s immediate plan includes sharing comprehensive findings of the ongoing investigation by the next day.
Furthermore, Trust Wallet is expected to enhance its security protocols. This could involve revising the security measures of its extensions and perhaps adopting more stringent monitoring processes to prevent future security compromises. As digital threats become more sophisticated, the company’s collaboration with cybersecurity experts could see the introduction of AI and zero-trust models — modern protective approaches against such covert threats.
Exploring the Incident’s Wider Implications
The repercussions of this incident extend beyond Trust Wallet users. It highlights a significant challenge faced by the entire crypto and blockchain industry: maintaining security integrity. As platforms expand and offer more services, especially in decentralized finance (DeFi), NFTs, and the metaverse, the risk landscape becomes broader, demanding better prepared and more agile security strategies.
Such breaches also spotlight the severe consequences for users who lose access to their digital wallets. It is a stark reminder of the inherent vulnerabilities when engaging with cryptocurrencies and the critical importance of choosing well-protected platforms.
Building Trust and Looking Ahead
For Trust Wallet, recovering from this incident involves not only compensating users but also restoring confidence in their product. The ongoing investigation and updates promise transparency, which is crucial in rebuilding trust.
Users of cryptocurrency services, such as those offered by Trust Wallet and other wallets, must remain vigilant. Regular updates, careful management of access points, and utilizing only secure platforms are steps every crypto enthusiast should prioritize.
Interested individuals looking to explore crypto trading can consider platforms like WEEX, which promise safe and comprehensive services ([Join WEEX here](https://www.weex.com/register?vipCode=vrmi)).
FAQ
What caused the Trust Wallet security breach?
The breach was caused by a modification of internal code within the Trust Wallet browser extension, potentially compromising user wallets.
How many users were affected by the breach?
Approximately 2,596 wallet addresses were affected according to initial reports.
What actions is Trust Wallet taking to address the breach?
Trust Wallet is actively investigating to verify claims for compensation and is updating its security measures to prevent future breaches.
Will affected users be compensated?
Yes, Trust Wallet has stated that it will compensate affected users after careful verification of each claim to ensure authenticity.
How can users protect their crypto assets following such incidents?
Users should ensure their software is updated regularly, use secure and verified platforms, and consider utilizing multifactor authentication and hardware wallets for added security.
You may also like
Dragonfly Partners: Most agents will not engage in autonomous trading, how can crypto payments prevail?
US AI Startup Goes All In on Chinese Mega-Model | Rewire News Morning Brief
Trump Lies Again: A "Five-Day Pause" Psyop, How Wall Street, Bitcoin, and Polymarket Insiders Synced Uposciogen
When a Token Becomes Labor, People Become the Interface
Ceasefire News Leaked Ahead of Time? Large Polymarket Bets on Outcome Before Trump's Tweet
BlackRock CEO's Annual Shareholder Letter: How is Wall Street Using AI to Keep Profiting from National Pension Funds?
Sun Valley Releases 2025 Financial Report: Bitcoin Mining Revenue Reaches $670 Million, Accelerating Transformation to AI Infrastructure Platform
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.
• 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."
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.
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
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.
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.
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
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.
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.
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
Three Weeks of the US-Iran War: Who's Making Money, Who's Paying the Bill?
Interpreting Polymarket's Major Update Last Night: Fee Expansion, Self-Regulation, and New Incentives
From Human Application to Intelligent Collaboration: How GOAT Network Builds the Next Generation Digital Economy
CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States
Morning Report | Strategy increased its holdings by 1,031 bitcoins last week; Katana Blockchain acquires IDEX; NYSE completes rule change to eliminate trading limits on crypto ETF options
Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns
Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy
Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis
Zuckerberg is building an AI agent to help him as CEO
App