Trust Wallet encounters a major security vulnerability, with hackers successfully stealing nearly $7 million. The official has publicly committed to fully compensate all affected users.



This incident once again reminds us of how critical on-chain asset security management is. Often, users are unaware of when and how their wallets are compromised, as the risks are often invisible.

A practical protective approach worth adopting is: regularly changing wallet addresses. Instead of keeping all assets in one address for a long time, it’s better to adopt a rotation strategy—periodically transferring assets to a new wallet. This can effectively disperse the risk of single-point failure. Even if a wallet is attacked, the scope of loss will be significantly limited.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
TokenAlchemistvip
· 4h ago
honestly the "rotate wallets every X days" recommendation is... painfully naive? like yeah sure, diminish your attack surface but you're ignoring the MEV extraction vectors during migration state transitions lol. every address change is literally a liquidation cascade waiting to happen if you're farming on any decent protocol
Reply0
ShadowStakervip
· 5h ago
7m gone and they're just... reimbursing? cool i guess, but infrastructure trust is already nuked ngl
Reply0
NFTArchaeologisvip
· 5h ago
7 million USD... Where's the promised self-custody? I've seen this kind of thing many times; every time it's "we will compensate," but who bears the time lag and trust cost? Rotating wallets is indeed a trick, but fundamentally, it still comes down to maintaining control over your private keys. Early blockchain experts have long understood this principle—decentralized promises ultimately require self-guarding. It's nothing new; some people are just pretending they haven't heard of it.
View OriginalReply0
LiquidationWatchervip
· 5h ago
7 million USD is gone just like that, really speechless. But speaking of which, can we trust the full compensation policy? Regularly changing wallet addresses is definitely a good move; it's more reliable than lying flat. I've long stopped putting all eggs in one basket, just afraid that one day it might suddenly gg. This time, we really need to reflect. Even the so-called big institution wallets are not safe. The rotation strategy sounds good, but it seems most people are too lazy to bother, and will still concentrate everything in one place.
View OriginalReply0
ChainBrainvip
· 5h ago
Losing 7 million is just gone; anyway, Trust Wallet says they will compensate in full. Will they really compensate when the time comes? Regularly changing wallets sounds easy to say, but how is the Gas fee calculated... On second thought, it's better not to put all your eggs in one basket. For those who say they got hacked, I just want to know how their private keys were leaked. Official compensation always feels a bit虚... In the future, it's better to store multiple cold wallets; keep some petty cash in hot wallets. These days, it's embarrassing not to have a backup wallet when you're into crypto.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)