Hackers have drained hundreds of cryptocurrency
wallets across multiple Ethereum Virtual Machine (EVM) blockchains in an
ongoing exploit that investigators say remains unresolved.
On-chain analyst ZachXBT reported that the coordinated
attack has already led to more than $107,000 in stolen user funds, with losses
continuing to mount.
. @zachxbt : It appears hundreds of wallets are currently being drained on various EVM chains for small amounts (<$2k total per victim) with a root cause not yet unidentified. So far ~$107K has been drained from them with the theft total still increasing.Suspicious address… pic.twitter.com/d3TPDurQOt
— Vladimir S. | Officer’s Notes (@officer_secret) January 1, 2026
According to the investigator, the attackers have
focused primarily on wallets holding relatively small balances, often with less
than $2,000 worth of crypto assets. While individual losses remain limited, the
cumulative impact continues to grow.
Links to Earlier Trust Wallet Incident
The exact cause of the attack has yet to be
identified. However, ZachXBT cautioned that the situation could escalate into a
more serious threat if left unresolved. At the time of reporting, attackers had
already made away with more than $107,000 in user funds.
Data shows that most of the stolen funds were
distributed across three major networks, with Ethereum accounting for 51% of
the losses, followed by BNB Chain at 24% and Base at 8%. The remaining funds
were spread across other EVM-compatible chains.
Trust Wallet, a cryptocurrency wallet owned by Binance
founder Changpeng Zhao, has suffered a security breach that led to the
confirmed theft of at least $7 million in cryptocurrencies. Zhao, widely known
as CZ, assured users that the platform will fully cover the losses of everyone
affected by the incident.
Following Trust Wallet Hack
Investigations suggested the
vulnerability stemmed from deliberate actions tied to an internal compromise
affecting Chrome extension version 2.68. Although the issue has since been
fixed, reports indicate that some users may still be affected.
Crypto investigator ZachXBT reported that hundreds of Trust
Wallet users were impacted by the vulnerability, highlighting the widespread
nature of the breach and the potential risks facing users of self-custodial
wallets.
The breach originated from a flaw in a version of the Trust
Wallet Google Chrome browser extension. Developers have urged users to
immediately disable the compromised version and update to the latest release to
secure their accounts.
This article was written by Jared Kirui at www.financemagnates.com.
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