Trust Wallet clarifies mysterious 4 million dollar user hack

Trust Wallet clarifies mysterious 4 million dollar user hack

Trust Wallet-a multi-chain crypto wallet provider-made an explanation on Wednesday in which he explained the recent events, which made it possible to steal $ 4 million.

The company attributed the cause of theft to a social engineering attack by a unity of organized crime in Rome than to an error in its software.

• On Monday rumors about a Trust Wallet user who had lost $ 4 million in funds to a fraudster who had only taken a photo of the user's account balance. At that time there were no seed phrases - passwords for access to the funds of a wallet - in sight
• Pro Trust Wallet statement on Twitter, examinations suggest that the hack was part of a number of thefts that were carried out by the same crime unit. Some thefts concerned various wallet providers in other regions such as Milan and Barcelona.
• "Several parties in the crypto community (apart from the victims) have reported that they too were addressed by the criminals. In most cases, the criminal investors claimed to be web3 projects."
• Trust Wallet added that criminals who met personally always asked for a money in a hot wallet. The party had convinced the victims weeks in advance to postpone their money from a multi -igig wallet to a new trust wallet with a single key.
• Before the theft, the thief informed the victim an NDA-PDF file and (presumably) fake KYC information, which may contain malware that made it possible to remove funds.

• "Be insured if you use Trust Wallet, your assets are safe, but it is important to remain vigilant," concluded the company.