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[Trust Wallet Initiates $7 Million Compensation Process in Response to Security Incident] Trust Wallet has initiated a compensation process for victims of a security incident involving its Chrome browser extension. The incident, caused by malicious code in version 2.68 of the software, resulted in the theft of approximately $7 million worth of assets, including Bitcoin, ETH, SOL, and others. Trust Wallet CEO Eowyn Chen stated that leaked Chrome Web Store API keys allowed attackers to bypass internal release checks and publish a malicious update. Monitoring by PeckShield revealed that over $4 million of the stolen funds were transferred to centralized exchanges such as ChangeNOW, FixedFloat, and KuCoin. Binance founder CZ confirmed that Trust Wallet will cover the entire $7 million loss, and affected users are required to submit an application form through the official portal.

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