Breaking: Trust Wallet’s $7m Hack Shows Where Crypto-friendly Smes May Be...

The $7-million Trust Wallet hack shows why crypto-friendly SMEs are especially vulnerable, highlighting weaknesses in verification, browser extensions and internal controls.

The December 2025 Trust Wallet hack shows that vulnerabilities in crypto tools can affect crypto-friendly SMEs, even when attacks target individual users rather than businesses.

Supply-chain risks, such as compromised browser extensions or stolen API keys, can bypass traditional security defenses and lead to rapid financial losses in a very short time.

The incident also revealed how weak or unprepared verification processes can overwhelm compensation efforts, increasing operational strain and delaying legitimate reimbursements.

Heavy reliance on hot wallets remains a significant risk factor for SMEs, as convenience often comes at the cost of greater exposure to malware, malicious updates and private-key theft.

The Trust Wallet hack in December 2025, which resulted in losses of about $7 million, provides security-relevant insights for small and medium enterprises (SMEs) that use cryptocurrencies. Although Trust Wallet primarily serves individual users, the mechanics of the attack highlight common vulnerabilities that also affect crypto-friendly SMEs, including fintech firms and decentralized autonomous organizations (DAOs).

Alongside the direct financial damage, the incident showed how gaps in user verification created complications during the compensation process. For crypto-facing SMEs, the case highlights common vulnerabilities and underscores the importance of addressing them before incidents occur.

This article discusses how the Trust Wallet hack happened, its impact on the crypto community and the challenges the wallet faced during the compensation process. It also explores vulnerabilities SMEs commonly face during crypto-related hacks, potential remedial measures and the prevailing regulatory environment surrounding such incidents.

From Dec. 24 to Dec. 26, 2025, attackers targeted Trust Wallet’s Chrome browser extension by distributing a malicious update that affected users running version 2.68. The attack resulted in the theft of cryptocurrency worth about $7 million, impacting 2,596 verified wallet addresses. Nearly 5,000 reimbursement claims were later filed by users.

Trust Wallet advised users to update immediately to version 2.69, which removed the malicious code and prevented further attacks. During the reimbursement process, Trust Wallet CEO Eowyn Chen emphasized

Source: CoinTelegraph