Trust Wallet Hack: Lessons for Crypto-Friendly SMEs
The recent Trust Wallet hack that resulted in a massive $7 million loss has shaken up the crypto community. With claims rising, the need for better verification processes has been underlined. In this write-up, we will discuss the lessons learned and provide practical insights that crypto-friendly SMEs can adopt to improve security and prepare for possible threats.
The Trust Wallet Hack and Its Impact
Between December 24 and 26, 2025, Trust Wallet’s browser extension was hacked. The breach saw around $7 million being lost, with almost 5,000 claims made across 2,596 confirmed addresses. Trust Wallet’s CEO, Eowyn Chen, pointed out the need for accurate verification to avoid fraud, as they started a verification process for reimbursement…
