Trust Wallet, Binance’s non-custodial cryptocurrency wallet, has revealed a security flaw in its Wallet Core software library from last November. Some wallets created directly from the browser extension between November 14 and November 23, 2022 are at risk. Funds were stolen, but a refund procedure was initiated by Trust Wallet.
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Trust Wallet victim of a breach
Trust Wallet, the non-custodial wallet carried by Binance, has just revealed and fixed a WebAssembly (WASM) flaw from its Wallet Core software library. The fault in question would date from last Novemberbut no communication will have been made on this subject in order to mitigate the damage and not to encourage malicious actors to take advantage of it more.
The vulnerability would have been revealed to Trust Wallet teams by a security researcher via their reward program, which allegedly found the error directly in the open source code of Wallet Core.
According to the statement, only a few wallets created directly from the browser extension between November 14 and November 23, 2022 would be at risk. The flaw would now be fixed, and addresses created after this date do not run the slightest risk, according to Trust Wallet.
If you are a Trust Wallet user yourself, your funds are not at risk if :
You only use its mobile application; You have only imported addresses into the Trust Wallet browser extension (not created); You created a new wallet before November 14 or after November 23, 2022.
If you are ever affected by this security breach, a notification alerting you should be visible directly in your wallet.
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Funds already stolen, but a refund is expected
According to Trust Wallet, the equivalent of 170,000 dollars has unfortunately already been stolen to some users through this flaw, and potentially $88,000 is still at risk in some wallets.
The users concerned – who therefore normally received a notification in their wallet – must have already received the refund procedure to follow. In the event that you think you are concerned or that you have observed abnormal movements of funds on your Trust Wallet portfolio, we invite you to read the documentation provided for this purpose.
Users who have funds still at risk, namely the $88,000 that has not yet been stolen, are asked to quickly transfer their funds to another wallet or any other means of storage.
Following this breach, Trust Wallet reported that the frequency of its audits had been multiplied by 5 in recent months to prevent such an error from occurring again.
The press release specifies that the flaw mentioned here has nothing to do with the mysterious wave of unsolved hacks we were telling you about earlier this week.
👉 In similar news – Hack: since December, mysterious cryptocurrency thefts affect users’ wallets
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Source: Press release
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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
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