A security flaw that Trust Wallet revealed resulted in the theft of $170,000 in customer cash. The vulnerability was discovered in November 2022 via the company’s bug bounty programme by an unnamed security researcher. Owners of the 500 vulnerable addresses that are still active have been asked by Trust Wallet to transfer their valuables to new wallet addresses. A BitStarz participant wins $2,459,124 record victory Trust Wallet has developed a refund strategy to compensate each and every victim of the scams.
To qualify for the programme, customers must successfully complete a claim form verification process. The entire cryptocurrency industry is worth $1.13 trillion, and in 2023, crypto heists will still be common. The theft of $200 million from DeFi network Euler Finance in March was the most notable incident. To properly address this pandemic, the sector must adopt better security requirements.
