The post CZ Hints at Possible Insider Role appeared on BitcoinEthereumNews.com. Home » Crypto News CZ hinted at possible insider involvement in the Trust WalletThe post CZ Hints at Possible Insider Role appeared on BitcoinEthereumNews.com. Home » Crypto News CZ hinted at possible insider involvement in the Trust Wallet

CZ Hints at Possible Insider Role

Home » Crypto News


CZ hinted at possible insider involvement in the Trust Wallet incident while assuring users that their funds would be reimbursed.

‘;
}

function loadTrinityPlayer(targetWrapper, theme,extras=””) {
cleanupPlayer(targetWrapper); // Always clean first ✅
targetWrapper.classList.add(‘played’);
// Create script
const scriptEl = document.createElement(“script”);
scriptEl.setAttribute(“fetchpriority”, “high”);
scriptEl.setAttribute(“charset”, “UTF-8”);

const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`);
scriptURL.searchParams.set(“pageURL”, window.location.href);

scriptEl.src = scriptURL.toString();

// Insert player
const placeholder = targetWrapper.querySelector(“.add-before-this”);
placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);
}

function getTheme() {
return document.body.classList.contains(“dark”) ? “dark” : “light”;
}

// Initial Load for Desktop
if (window.innerWidth > 768) {

const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),’&autoplay=1′);
});
}
}

// Mobile Button Click
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),’&autoplay=1′);
});
}
function reInitButton(container,html){
container.innerHTML = ” + html;
}

// Theme switcher
const destroyButton = document.getElementById(“checkbox”);
if (destroyButton) {
destroyButton.addEventListener(“click”, () => {
setTimeout(() => {
const theme = getTheme();
if (window.innerWidth > 768) {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if(desktopWrapper.classList.contains(‘played’)){
loadTrinityPlayer(desktopWrapper, theme,’&autoplay=1′);
}else{
reInitButton(desktopWrapper,’Listen‘)
const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,’&autoplay=1’);
});
}
}
} else {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if(mobileWrapper.classList.contains(‘played’)){
loadTrinityPlayer(mobileWrapper, theme,’&autoplay=1′);
}else{
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,’&autoplay=1′);
});
}
}
}
}, 100);
});
}
})();



Summarize with AI



Summarize with AI

Crypto wallet provider Trust Wallet has confirmed a security incident affecting a specific version of its browser extension, after several reports from users that funds were drained from their wallets over a short period of time.

The issue was first flagged publicly by on-chain investigator ZachXBT, who issued a community alert warning that multiple Trust Wallet users had experienced unauthorized outflows from their addresses within hours.

Sudden Wallet Drains

While the exact cause was initially unclear, ZachXBT noted that the reports coincided with a recent update to the Trust Wallet Chrome extension. Shortly thereafter, blockchain security firm SlowMist issued a security alert confirming a vulnerability in Trust Wallet Browser Extension version 2.68, and urged users to immediately disable the extension and upgrade to version 2.69 through the official Chrome Web Store.

According to SlowMist’s preliminary findings, the incident may involve a supply chain attack, where malicious code was potentially injected into the extension. This possibly allowed attackers to exfiltrate users’ seed phrases when the wallet was unlocked and transmit them to a malicious website.

Based on early estimates, hundreds of wallets are believed to be affected. Trust Wallet later acknowledged the incident on X, confirming that version 2.68 of its browser extension was impacted.

The company said that mobile-only users and all other browser extension versions were not affected by the vulnerability. Trust Wallet also advised users who had not yet upgraded to avoid opening the extension until the update was completed. The company warned that continued use of the affected version could expose them to further risk.

ZachXBT subsequently provided another update stating that affected users would be compensated.

You may also like:

CZ Addresses The “Hack”

Meanwhile, Binance founder and Trust Wallet owner Changpeng “CZ” Zhao also addressed the situation publicly and said that Trust Wallet would cover the losses linked to the incident. He also said that user funds remain secure. CZ estimated that around $7 million had been impacted and described the incident as a hack. He also hinted at an insider involvement, which could mean that the breach may have included internal access or knowledge.

The episode adds to growing concerns around browser-based wallet security, particularly as supply chain attacks and malicious updates have become an increasingly common vector for crypto theft.

The Trust Wallet incident comes amid a broader rise in high-profile exploits, hacks, and phishing campaigns across the crypto sector. Blockchain analytics firm Chainalysis estimated more than $3.4 billion in cryptocurrencies has been stolen from January through early December, slightly higher than the $3.38 billion recorded over the same period last year. Interestingly, compromises related to personal wallets have witnessed a significant growth over recent years. The figure rose from just 7.3% of total stolen value in 2022 to 44% in 2024.

SPECIAL OFFER (Exclusive)

SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

Source: https://cryptopotato.com/trust-wallet-hack-hits-7m-cz-hints-at-possible-insider-role/

Market Opportunity
Intuition Logo
Intuition Price(TRUST)
$0.1092
$0.1092$0.1092
+0.27%
USD
Intuition (TRUST) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

China Launches Cross-Border QR Code Payment Trial

China Launches Cross-Border QR Code Payment Trial

The post China Launches Cross-Border QR Code Payment Trial appeared on BitcoinEthereumNews.com. Key Points: Main event involves China initiating a cross-border QR code payment trial. Alipay and Ant International are key participants. Impact on financial security and regulatory focus on illicit finance. China’s central bank, led by Deputy Governor Lu Lei, initiated a trial of a unified cross-border QR code payment gateway with Alipay and Ant International as participants. This pilot addresses cross-border fund risks, aiming to enhance financial security amid rising money laundering through digital channels, despite muted crypto market reactions. China’s Cross-Border Payment Gateway Trial with Alipay The trial operation of a unified cross-border QR code payment gateway marks a milestone in China’s financial landscape. Prominent entities such as Alipay and Ant International are at the forefront, participating as the initial institutions in this venture. Lu Lei, Deputy Governor of the People’s Bank of China, highlighted the systemic risks posed by increased cross-border fund flows. Changes are expected in the dynamics of digital transactions, potentially enhancing transaction efficiency while tightening regulations around illicit finance. The initiative underscores China’s commitment to bolstering financial security amidst growing global fund movements. “The scale of cross-border fund flows is expanding, and the frequency is accelerating, providing opportunities for risks such as cross-border money laundering and terrorist financing. Some overseas illegal platforms transfer funds through channels such as virtual currencies and underground banks, creating a ‘resonance’ of risks at home and abroad, posing a challenge to China’s foreign exchange management and financial security.” — Lu Lei, Deputy Governor, People’s Bank of China Bitcoin and Impact of China’s Financial Initiatives Did you know? China’s latest initiative echoes the Payment Connect project of June 2025, furthering real-time cross-boundary remittances and expanding its influence on global financial systems. As of September 17, 2025, Bitcoin (BTC) stands at $115,748.72 with a market cap of $2.31 trillion, showing a 0.97%…
Share
BitcoinEthereumNews2025/09/18 05:28
Sberbank issues Russia’s first crypto-secured loan

Sberbank issues Russia’s first crypto-secured loan

The post Sberbank issues Russia’s first crypto-secured loan appeared on BitcoinEthereumNews.com. The largest Russian financial institution by assets, Sberbank,
Share
BitcoinEthereumNews2025/12/26 23:29
Academic Publishing and Fairness: A Game-Theoretic Model of Peer-Review Bias

Academic Publishing and Fairness: A Game-Theoretic Model of Peer-Review Bias

Exploring how biases in the peer-review system impact researchers' choices, showing how principles of fairness relate to the production of scientific knowledge based on topic importance and hardness.
Share
Hackernoon2025/09/17 23:15