#TrustWallet #Hack ‼️Lessons from the December Trust Wallet Hack: Why SMEs are at Risk 🛡️
$XRP $ETH $SOL The recent Trust Wallet hack (December 2025), which resulted in a loss of $7 million, was a wake-up call not only for private users but also for small and medium-sized businesses (SMEs). Although the attack targeted a browser extension, its mechanics highlight critical vulnerabilities in the crypto-fintech ecosystem.
Key takeaways for businesses:
1️⃣ Supply chain risks: Attackers used a stolen Chrome Web Store API key to inject malicious code into an official update (v2.68). Even trusted software can become the enemy.
2️⃣ The hot wallet trap: The convenience of browser extensions comes at a price. For SMEs, storing operating funds in hot wallets without additional protection is an open door to malware.
3️⃣ Verification Crisis: Nearly 5,000 refund requests have been received for 2,500 affected addresses. The lack of ready-made identity verification protocols slows down payouts and drains company resources.
What should companies do now?
• Move key assets to cold storage.
• Implement strict MFA for all financial transactions.
• Prepare an Incident Response Plan before they happen.
⚠️Crypto security is not just about complex algorithms, it’s about process hygiene.