Trust Wallet Confirms Security Incident with $7 Million User Losses
- Security Incident Confirmation: Trust Wallet has confirmed a security incident involving its browser extension version 2.68, resulting in approximately $7 million in user losses, which, while limited to this version, still impacts user trust significantly.
- Compensation Progress: As of December 28, Trust Wallet has identified 2,596 affected wallet addresses and received around 5,000 refund requests, although many claims may be duplicates or fraudulent, indicating heightened user concern over security.
- Ongoing Investigation: Trust Wallet is cross-referencing multiple data sources to confirm legitimate claims, ensuring that innocent users are not wrongly compensated, while emphasizing that the incident did not stem from direct breaches of its core systems.
- Browser Extension Risks: Preliminary findings suggest the incident may involve malicious interactions or unauthorized access linked to the browser extension environment, highlighting the vulnerabilities of browser-based wallets to phishing and malicious scripts, further affecting user trust in the platform.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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