Cryip
  • Home
  • News
  • Research & Analysis
  • Reviews & Comparisons
  • Learn Crypto
  • Features
  • Events
No Result
View All Result
Cryip
  • Home
  • News
  • Research & Analysis
  • Reviews & Comparisons
  • Learn Crypto
  • Features
  • Events
No Result
View All Result
Cryip
No Result
View All Result
Home News Security & Hacks

Trust Wallet $7M Hack Exposed After Internal Dispute at Chinese Firm

Internal dispute inside a Wuhan-based cybersecurity firm exposes alleged $7 million crypto theft targeting Trust Wallet users through a malicious Chrome extension.

by Saravana Kumar Mahendran
March 20, 2026
in Security & Hacks
0 0
Trust Wallet Hack Exposed
Share on FacebookShare on Twitter

A major cryptocurrency theft case involving approximately $7 million has resurfaced after new revelations exposed the alleged perpetrators, not through law enforcement action, but due to an internal conflict within the hacking group itself. The incident dates back to December 2025, when users of Trust Wallet, a wallet officially associated with Binance, fell victim to a malicious Google Chrome browser extension. The attack compromised user assets across 37 different tokens, resulting in losses estimated at around $7 million USD.

At the time, Binance co-founder Changpeng Zhao publicly stated that the company would fully compensate affected users. This commitment was later fulfilled.

Trust Wallet Hack Exposed
Trust Wallet Hack Exposed

Internal Conflict Leads to Exposure

The group allegedly responsible for the attack has been exposed following a dispute between members of the organization. According to information circulating in a viral post on X, the whistleblower, a former insider, released detailed evidence after a disagreement with company leadership over profit-sharing and unpaid severance. The firm named in the allegations is Wuhan Anshun Technology, a Wuhan-based company that publicly presents itself as a cybersecurity service provider specializing in vulnerability research and network defense training.

However, the whistleblower claims the company secretly conducted long-term crypto theft operations targeting digital wallets, including Trust Wallet.

Evidence Released

The leaked materials reportedly include internal chat records detailing coordination of the attack, technical documentation explaining how the malicious Chrome extension was deployed, transaction data showing the movement of stolen funds, and screenshots tracking asset transfers from victims. The whistleblower has also stated intentions to surrender to authorities and provide all evidence directly to law enforcement. They posted it on WeChat but have since deleted it.

Call for Legal Action

The viral post directly tagged Changpeng Zhao, stating that with strong evidence now available, Binance has grounds to pursue legal action and potentially recover the stolen funds. While Binance’s compensation helped reduce immediate financial damage to users, the latest developments highlight the challenges of tracing and prosecuting cybercriminals in the cryptocurrency ecosystem. This is especially difficult when operations are hidden behind legitimate business fronts. Further investigation by authorities is expected following the whistleblower’s reported intention to cooperate.

Disclaimer: Cryip is an independent media and research outlet providing news, data, and analysis on the cryptocurrency industry. Content is for informational and research purposes only and does not constitute financial, legal, tax, or investment advice. Cryptocurrency markets are volatile and past performance is not indicative of future results. References to specific assets, platforms, or incidents are for journalistic purposes only and do not imply endorsement, and readers assume full responsibility for their decisions.
Tags: BinanceCrypto HacksTrust Wallet

Related Posts

Transit Finance Hacked Again
Security & Hacks

Transit Finance Hacked Again: Cross-Chain DeFi Protocol Loses $1.88 Million in Latest Exploit

by Saravana Kumar Mahendran
May 13, 2026

Cross-chain decentralized exchange aggregator Transit Finance appears to have been hacked, with losses estimated at around $1.88 million. The incident...

Read moreDetails
Mistral AI Supply Chain Attack

Mistral AI Supply Chain Attack: Hackers Inject Malware Into PyPI Package, Microsoft Warns Developers

May 13, 2026
Binance Says AI Systems Prevented $10.5 Billion in Fraud 2026

Binance Says AI Systems Prevented $10.5 Billion in Fraud as Crypto Scams Accelerate

May 12, 2026
Roaring Kitty X Account Hacked

Roaring Kitty X Account Hacked: Solana Memecoin $RKC Pumps to $12M Before Crash

May 12, 2026
INK Finance Suffers $140K

INK Finance Suffers $140K Drain on Polygon: Attacker Exploits Treasury Proxy via Whitelist Flaw and Flash Loan

May 11, 2026
Renegade Recovers $190K

Renegade Recovers $190K in Swift Whitehat Resolution After $209K Arbitrum Dark Pool Exploit

May 11, 2026
Judge Clears Aave Recovery Plan for Frozen ETH Linked to Lazarus Group

Judge Clears Aave Recovery Plan for Frozen ETH Linked to Lazarus Group

May 9, 2026
Next Post
Myriad Completes Seed Round Backed by MoonPay Ventures, Auros, and Tom Lee

Myriad Completes Seed Round Backed by MoonPay Ventures, Auros, and Tom Lee

Cryip focuses on crypto research and on-chain analysis, supported by coverage of markets, regulation, security events, and blockchain ecosystems.

Recent Posts

  • Consensys IPO Delayed as MetaMask Parent Pauses U.S. Public Listing Plans
  • Kevin Warsh Confirmed as Fed Chair After Narrow Senate Vote
  • Ledger IPO Delayed as Crypto Wallet Firm Pauses U.S. Public Listing Plans

Categories

  • AI × Crypto
  • Data & Dashboards
  • Market Updates
  • On-Chain Analysis
  • OpSec
  • Policy & Regulation
  • Post Mortems
  • Press Release
  • Reports
  • Scams & Fraud
  • Security & Hacks
  • Stablecoins
  • Tokenomics
  • VC & Funding

Company

  • About Us
  • Contact Us
  • Editorial Standards & Integrity
  • Our Team
  • Privacy Policy
  • Review Methodology
  • Terms and Conditions
  • Trust, Disclosures & Independence

© 2026 Cryip - Research-Driven Crypto Analysis & News by Hashlays.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
  • Research & Analysis
  • Reviews & Comparisons
  • Learn Crypto
  • Features
  • Events

© 2026 Cryip - Research-Driven Crypto Analysis & News by Hashlays.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.