Trust Wallet Hack | Users Claim Inside Job Amid $40K Theft
Two experienced users of Trust Wallet reported losses exceeding $40,000 following a recent hack on June 25. The incident occurred between noon and 1 PM, despite the victims adhering to all recommended security protocols.
Incident Overview
Both victims stated,
"Our phones were fully updated, and we did not share seed phrases or click on suspicious links."
They were alerted to unauthorized transfers of funds, which led to speculation of an inside job—a theory supported by other users on community forums.
Actions Taken
In response, victims have:
Reported the incident to the IC3 (FBI Internet Crime Complaint Center).
Opened a ticket with Trust Wallet, only to be told they "cannot do anything about it."
Community Response
Feedback on forums has been mixed, reflecting both disbelief and frustration. Key sentiments include:
Skepticism of Trust Wallet's security: "Trust Wallet is just an application; your phrase will work on any other mobile app."
Calls for legal action: "I’d like to join a class action suit against them," echoing past complaints of strange hacks that have affected numerous users.
Interestingly, some users have begun mobilizing to spotlight the issue further. Some even suggested reaching out to Donald Trump for support due to his connections to the cryptocurrency realm.
Lawyer Options
The victims are contemplating hiring a crypto-focused attorney, asking:
Should we file a local police report alongside our IC3 filing?
Is it possible to subpoena data if the receiving wallet is identified?
Key Points
🔹 Total Loss: Over $40,000.
🔸 Victims' Measures: Reports made to IC3 and Trust Wallet.
💬 Community Calls: Growing demand for legal accountability.
The significant nature of this incident has raised serious concerns about Trust Wallet's security measures. Users are questioning how they can place trust in self-custody wallets after multiple reports of similar experiences emerge.