Trust Wallet hack shifts to verification amid surge in false claims
Trust Wallet said it has identified 2,596 compromised addresses following its Christmas Day exploit as investigators work to separate real victims from false claims.
Trust Wallet has moved into a verification phase after a Christmas Day exploit involving its browser extension; while thousands of wallets have been identified, the company has received far more reimbursement claims than expected.
On Monday, Trust Wallet CEO Eowyn Chen said the company had identified 2,596 wallet addresses tied to the compromised extension. Still, it has received almost 5,000 claims, suggesting a significant amount may be false or duplicate submissions.
“Because of this, accurate verification of wallet ownership is critical to ensure funds are returned to the right people,” Chen wrote. “Our team is working diligently to verify claims; combining multiple data points to distinguish legitimate victims from malicious actors.”
