Which wallet is compensating hack victims?

TLDR

Trust Wallet will compensate users affected by its recent Chrome extension hack, with leadership confirming refunds for losses around $7 million per a compensation pledge.

1. Binance founder CZ said user funds are SAFU and Trust Wallet will cover losses of about $7M in total per an update.
2. Trust Wallets CEO outlined a reimbursement process via an official dashboard for affected users per a reimbursement update.
3. The incident impacted the Chrome extension v2.68 only; users were told to upgrade to v2.69 immediately per the notice.

Deep Dive

1. Who And Amount

Trust Wallet (a Binance?owned self?custody wallet) confirmed the exploit and stated it will compensate affected users, with losses around $7 million tied to a malicious extension update per a report.

1. CZ publicly reiterated that Trust Wallet will make users whole and that funds are SAFU per an announcement.
2. Coverage consistently cites approximately $7M impacted, aligning multiple media summaries of the event per the report above.

2. How Compensation Works

Trust Wallets CEO Eowyn Chen described a reimbursement flow that routes claims through an official dashboard, collecting minimal necessary details and warning against impersonation scams per the reimbursement update.

1. Users submit compromised address, hacker address, and relevant transaction hashes; a new destination address is recommended for refunds per the update.
2. The team emphasized it will never ask for passwords or seed phrases; only use the official portal referenced in the update above.

3. Scope And Next Steps

The breach affected Trust Wallets Chrome extension version 2.68 via a malicious update; the team instructed users to disable v2.68 and upgrade to v2.69 immediately, noting mobile users were not impacted per the notice.

1. Guidance: do not open the compromised extension until upgraded; v2.69 contains the fix per the notice above.
2. Investigations continue into the release pipeline compromise; users should be vigilant for fake compensation portals per the reimbursement update above.

Conclusion

Trust Wallet is the wallet compensating hack victims, with a public commitment to refund approximately $7 million and an announced claim process. The incident was contained to Chrome extension v2.68; upgrading and using the official reimbursement channel reduces further risk.