Тысячи фиктивных запросов на компенсацию вводят Trust Wallet в затруднительное положение Translation: Thousands of fraudulent compensation claims put Trust Wallet in a tight spot.

The Trust Wallet team has moved to the user verification stage for those affected by the recent hack of the wallet’s browser extension. Project head Eowyn Chen reported an unexpectedly high number of reimbursement requests.

The company has identified 2,596 compromised addresses. However, the number of compensation claims has already approached 5,000, suggesting a high incidence of duplicates or fraudulent attempts.

According to Chen, accurately verifying wallet ownership is crucial for returning funds to their rightful owners. The developers are cross-referencing information from multiple sources to filter out scammers. The company has prioritized the precision of the verification process over the speed of payouts.

The attack on the desktop version of Trust Wallet occurred on December 26, with hackers making off with assets totaling $7 million. Former Binance head Changpeng Zhao assured that the project team would fully compensate the losses.

On-chain investigator ZachXBT suggested that the most recent update for the Chrome wallet might have been a factor. However, platform representatives have yet to confirm this theory as they continue their internal investigation.

While Trust Wallet examines these hypotheses, Coinbase CEO Brian Armstrong announced the arrest of an insider. Indian police detained a former support agent of the exchange.

In May, hackers bribed company staff to steal customer personal data and demanded a ransom of $20 million. Coinbase estimated potential costs for mitigating the attack’s effects at $400 million.

Armstrong expressed a «zero-tolerance» policy towards employee misconduct and pledged to hold those responsible accountable in cooperation with law enforcement.

*“One down, others to go,”* summed up the Coinbase CEO.

As a reminder, since the beginning of the year, hackers have stolen cryptocurrencies worth over $3.4 billion, according to Chainalysis.