Trust Wallet Compensation Guide 101: How to Request Compensation After a Hack

Last December, a serious security incident affected Trust Wallet’s Google Chrome plugin, causing approximately $7 million USD in damages to victims. The development team has launched an official compensation program to support affected users. This guide will help you understand the process and how to safely request compensation.

Necessary Steps to Claim Compensation

Trust Wallet users who lost funds between December 24-26 due to the Google Chrome plugin attack can submit a claim through a dedicated platform. To start the process, you need to prepare the following information:

Mandatory information to provide:

• Contact email address
• Compromised wallet address
• Attacker’s address
• Wallet drain transaction hash

Detailed description section:

• Amount of money to be reimbursed
• New wallet address to receive compensation

Trust Wallet CEO Eowyn Chen advises users to create a completely new wallet specifically for this reimbursement process to ensure safety. Additionally, contact data will be collected to support legal actions against the perpetrators.

Characteristics of the attack: Hacking 101 in the crypto world

The attack occurred through malicious JavaScript injection into version 2.68 of the Google Chrome plugin. Any user who logged in during the period between the update release (December 24) and the detection of the incident (December 26) had their wallet recovery phrase intercepted by attackers.

According to security experts, this incident likely resulted from a leak of API keys related to the release process of updates on the Google Chrome plugin store. This is a vulnerability in access management that allowed malicious actors to insert malicious code into official releases.

Warning about fake scam attempts

The Trust Wallet team emphasizes that users should be cautious of fake compensation programs. Legitimate will never request:

• Passwords or Private Keys
• Sensitive personal data
• Recovery phrases

If you receive any requests for these details, it is definitely a scam. Only submit your claim through the official dashboard provided by Trust Wallet.

Conclusion

This incident serves as an important reminder of the importance of cryptocurrency wallet security. If you are one of the victims, follow the above instructions to request compensation safely and officially. Don’t forget to create a new wallet before submitting your claim, and always verify that you are using official channels to avoid further scams.