Trust Wallet, a popular cryptocurrency wallet backed by Binance, has finally publicly disclosed a vulnerability that endangered users' funds last year. The issue impacted users who created a digital wallet using the browser extension between November 13 and November 23. Although the vulnerability was fixed, the company did not inform the public for months, and affected users were only told to migrate their assets to new, non-affected wallet addresses.
Trust Wallet claims that most of the vulnerable funds have been secured, but $88,300 is still exposed, and some users have already fallen victim to the vulnerability, losing a total of $170,000. The company said it had debated whether to publicly disclose the issue but decided to focus on helping users preserve their assets as much as possible. Trust Wallet offered customer support to affected users and also reimbursed gas fees for users transferring their funds elsewhere.
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