Derived from TechFlow, Binance CEO CZ announced on social media on December 26 that Trust Wallet has been hacked, resulting in a loss of approximately $7 million. Trust Wallet will fully compensate affected users to ensure the safety of their assets.
CZ Announces Trust Wallet to Fully Compensate Users for $7M Loss
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Summary
Binance CEO CZ announced on December 26 that Trust Wallet was hacked, causing a $7 million loss. Trust Wallet will fully compensate affected users. On-chain data shows the breach occurred through a private key exploit. Altcoins to watch may see volatility as the market reacts.
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