Trust wallet compromises

[Karl_3000]

The forum is not the only place to learn about Bitcoin, Bitcoin wallets, and cryptocurrency wallets. You are too exaggerating the importance and role of Bitcoin forum in educating people about different wallet types.

Where did I say that this forum is the only place to learn about bitcoin, bitcoin wallets and cryptocurrencies? It should not be hard for you to understand what I mean. What I meant was that the chance that people will know about opened source and close source wallets is high on this forum. Despite that I know what self-custody wallets are before I registered on this forum, I did not know what open and close source wallets are. This forum expose us to many information that we might not find out on our own.

[BitMaxz]

Where did I say that this forum is the only place to learn about bitcoin, bitcoin wallets and cryptocurrencies? It should not be hard for you to understand what I mean. What I meant was that the chance that people will know about opened source and close source wallets is high on this forum. Despite that I know what self-custody wallets are before I registered on this forum, I did not know what open and close source wallets are. This forum expose us to many information that we might not find out on our own.

That's the nature of the forum; even in other forums, not everyone has skills in deep research. I know it's hard to find some resource and knowledge by just using the google search engine. Unlike here on the forum, you can make a thread and ask everyone what is this and that are.
That's the purpose of the forum: to discuss something that we don't know or to contribute to the community.

About the wallet, custodial or non-custodial (self-custody), if this is just what you know, not all self-custody wallets are open-sourced. That is why someone here is pointing to an open-source wallet.

One of the non-custodial, or self-custody, wallets is Exodus Wallet, which is closed source; it is not a recommended wallet or a hardware wallet like Ledger Nano.
How can you make sure they don't add something to their wallet even if they say we have full control? Do you think you are safe with these wallets if you don't know and verify the open source?

Having self-custody wallet isn't enough; you still need to know what it means to have self-custody it's either open/closed source.

[aylabadia05]

I’d suggest not using the Trust Wallet browser extension to send BTC to another wallet. Instead, import the seed phrase from Trust Wallet into another wallet like Electrum. After that, send your BTC to a different Electrum address (with a new seed phrase), and avoid using the old Trust Wallet seed phrase again to prevent any unwanted issues.

Good ideas, never opening yet the trustwallet extension any more and paste seed phrase at other platform wallet then moving fund to electrum wallet.

That is indeed the solution, as Husna QA mentioned, importing seed phrases from Trust Wallet to recommended wallets such as Electrum or BlueWallet. From wallets such as Electrum or BlueWallet, send assets to a different address. I experienced the same thing when using Trust Wallet before using BlueWallet. It was exactly as she said, which is what I did to save my assets.
Or perhaps you're still using Trust Wallet to this day. If not, that's good for you.

[Mpamaegbu]

I will advise you not to use Trust wallet anymore because it's a closed source wallet and one of the worst wallet I have come across so far. It's better that you create an electrum wallet and transfer your funds into it for the safety of your funds.

Electrum is a Bitcoin wallet while Trust Wallet is a crypto wallet. Electrum can't hodl any other coin that isn't Bitcoin (at least, that's my observation). We don't know what OP was hodling in Trust Wallet. Maybe it wasn't even Bitcoin. So, getting an Electrum wallet won't work for them.

OP, I have installed in my smartphone Trust Wallet's App to hold small amounts and I have not received any warning message nor I haven't lost funds either, now that I've just checked it, so chances are that the problem is only with the browser extension.

I haven't lost funds too using Trust Wallet. I don't also like using wallets in browser extension because I believe they're porous and easy to hacks there.

[Joy_learns_crypto]

The browser extension of trust wallet was compromised last week and almost 7$ million was lost, read this posts for more info..https://bitcointalk.org/index.php?topic=5569565.0  or  https://bitcointalk.org/index.php?topic=5569549.msg66217973#msg66217973

If you have browser extension of trust wallet then you should open another wallet and move your funds.

Rather than opening another trust wallet after trust wallet was compromised and $7 million was lost I think I would stop using trust wallet for now, if the op was lucky not to have lost any funds from $7million which was lost it is time to use another wallet.
Trust wallet will lose more funds next time because the wallet is safe.

[Jewan420]

The browser extension of trust wallet was compromised last week and almost 7$ million was lost, read this posts for more info..https://bitcointalk.org/index.php?topic=5569565.0  or  https://bitcointalk.org/index.php?topic=5569549.msg66217973#msg66217973

If you have browser extension of trust wallet then you should open another wallet and move your funds.

Rather than opening another trust wallet after trust wallet was compromised and $7 million was lost I think I would stop using trust wallet for now, if the op was lucky not to have lost any funds from $7million which was lost it is time to use another wallet.
Trust wallet will lose more funds next time because the wallet is safe.

I am very worried about using Trust Wallet, I have some funds stored in my wallet which are somewhat valuable. This has now created a situation that has forced me to look for an alternative to Trust Wallet. I have already decided to migrate to Electrum Wallet and am preparing to transfer the funds as well. Because I do not like to take risks in financial matters especially when I have easy alternatives. Trust Wallet is now a completely risky extension or application either. I think it would be wise to leave Trust Wallet now.

[goldkingcoiner]

Hey community,

I received this notification on my phone immediately I received my signature campaign payout. I don't want to get nervous since my seed phrase is intact and hasn't been given to anyone else.



Do anyone knows what this message means and what should I do if it actually true.

If this post is not in the right board, please do lmk. Thanks.

I would not trust Trustwallet.
I lost around $6000 USD because of their shitty, faulty app.

This newest hacking development is no surprise. And I would not be surprised if it was an insider job.

They do not want anyone to notice their incompetence and shadiness. No wonder their wallet is closed source. (never use closed source or custodial wallets)