The team behind Trust Wallet have acknowledged that there has indeed been a significant vulnerability in its ecosystem last November. This caused a loss of approximately $170,000. Trust Wallet promises repairsboth at the level of the software library of its attacked wallet and at the level of the users.
Trust Wallet reassures users
The SEC, which has decided to attack the staking activities of several crypto exchanges, has not yet issued any opinion against Trust Wallet. Say that of this feature was integrated into its ecosystem in October 2019.
Since then, water has flowed under Trust’s bridges. In particular, there was the addition ofa new multi-channel browser extension last November. And it was at this same time that the wallets appeared, the software library of which was the subject of an attack.
” Trust Wallet is built on security and trust. Reason why we are sharing a vulnerability affecting new addresses created between November 14-23, 2022 using the browser extension.
The problem is solved. Most venture funds are secure. Affected users should take the indicated measures [dans cet article]. »
What about the content of this post?
Inside, the Trust Wallet team wanted to reassure users. She clarified that security remains the mainstay of secure wallet software that is Trust.
” In November 2022, a security researcher reported a WebAssembly (WASM) vulnerability in our open-source library, Wallet Core, through our bug bounty program “, she pointed out.
Then she continued like this:
” Despite our best efforts, we proactively detected two potential exploits, which resulted in a total loss of approximately $170,000 at the time of the attack. In the interests of transparency and user protection, we would like to assure them that we will reimburse eligible losses resulting from hacks caused by the vulnerability and have implemented a refund procedure for affected users. We are also asking affected users to move the remaining balance of $88,000 to all vulnerable addresses as soon as possible. »
Otherwise, the Twitter thread posted by Trust Wallet includes many details. They provide details on the users concerned and not concerned by this reimbursement plan.
Compared to Mt Gox investors, who had to wait several years to see their assets repaid, those at Trust Wallet seem pretty lucky.
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