Simple Steps to Recover from Trust Wallet Hack

Is your Trust Wallet hacked? In this article are the best steps you can take immediately to get your account recovered as quickly as possible.

By The 'Staunch

Trust Wallet is a non-custodial wallet that is very popular in the crypto space.

It’s mostly deemed as one of the best mobile app wallets, maintaining an impressive security record until an incident shook its foundation.

As history may have it, even Troy can be vulnerable to crafty adversaries, but that doesn’t mean Trust Wallet is still not a safe wallet.

Unfortunately, the mobile app wallet have faced hack attacks from Trust Wallet hackers, which is mostly usual in the crypto space.

Having your Trust Wallet hacked by an unknown person or malware is bad, especially when you have digital funds theft involved.

If notice that your Trust Wallet account is being hacked, then keep reading, as we’re garthered some steps to recovery from it.

In this article, we will delve into the essential measures to safeguard your digital currency and asset while using Trust Wallet.

Let’s begin…

Recovering from Trust Wallet hacking

Since crypto transactions are irreversible, if your digital funds are moved to another address by Trust Wallet hacking, recovering it can be impossible.

However, there are crucial steps you can take swiftly, to safeguard the remaining funds in your cryptocurrency wallet.

In summary, here are 4 simple steps you can take if you suspect a Trust Wallet hack:

  1. Create new wallet and transfer funds
  2. Check for malware on your device
  3. Track the Trust Wallet hacker transaction
  4. Report Trust Wallet hacked event to the law

1. Create new wallet and transfer your funds

Once you notice an unusual activity that seems like Trust Wallet hack, the first thing you should do, is to create a new wallet and withdraw your funds quickly.

If you don’t know how to transfer fund from the wallet app, please read my guide on how to perform Trust Wallet crypto withdrawal.

We recommend creating the new wallet on a hardware wallet device, as they have cold feature that make them hard to compromise.

Even if you suspect that the Trust Wallet hacker involved is someone that has acces to the seed recovery phrase, that will halt their access immediately.

2. Check your device for malware attack

If you’re sure no other person has access to the Trust Wallet recovery phrase, it’s possible your crypto storage was compromised by a malware.

Though mobile operating systems like Android and iOS are less prone to malware than PCs, it’s still essential to consider the possibility of malware infection.

Download an anti-virus application and scan your mobile device for malware infection, as well as other viruses.

If the anti-virus doesn’t find any infection, transfer your remaining digital assets and try factory resetting your phone.

This process can eliminate any potential malicious apps or scripts, but definitely not the stolen funds or assets.

3. Tracking the Trust Wallet hacker

If your Trust Wallet hacker already moved your digital funds to another wallet, there are limited chances of recovery, but you can try the following:

  • Use a Blockchain Explorer to trace the transactions footprints
  • Identify the hacker’s destination wallet address where your crypto is transferred
  • Contact an exchange customer support to know if the funds were sent to their wallet.

4. Report Trust Wallet hacked event to the law

If you have exhausted other option and still need help, it’s time to involve law enforcement of your country.

Reporting the incident to a relevant authority should be your last resort, especially when you’ve suffered significant losses.

Be aware that the chances of recovering the stolen crypto assets through law enforcement are generally slim.

Reporting the case is still essential though.

Even though they might have a large number of reports to handle, there’s still a possibility they could take action that may assist in some way.

Can a Trust Wallet get hacked?

Yes, Trust Wallet (like any other crypto wallet) can be susceptible to hacking attempts.

However, there’s little chance for a hack to yield results, as hacking is always risky due to user error, malware on devices, or connecting to a suspicious third-party app.

Never share your recovery seed-phrase to anyone, and make sure to download Trust Wallet from trusted sources.

Verify DApps before connecting, or you can create a burner wallet to be used for smart contracts you’re not sure of, and start using a cold wallet for long-term holdings.

Is my Trust Wallet hacked?

The only way to know that your Trust Wallet is hacked is when you notice an unusual activity on your transaction history.

If you encounter a push notification in either the Trust Wallet App or Browser Extension, it indicates that your private key may have been compromised due to a prior exploit.

In such a scenario, transferring your funds to a newly created wallet is important to mitigate the risk of potential loss.

How do I track a Trust Wallet Hacker?

Since every crypto transaction is listed on the blockchain, that means you can lookup each one on the blockchain explorer.

Can someone hack Trust Wallet phrase list?

No, nobody can hack the recovery phrase list directly, but they can hack where they’re stored to gain access to your private keys.

How did Trust Wallet get hacked?

In November 2022, Trust Wallet experienced a security vulnerability that resulted in losses of nearly $170,000 for some users.

The vulnerability was discovered in April 2023 through a bug bounty program when a security researcher reported flaw in its open-source library Wallet Core related to WebAssembly.

This vulnerability affected new wallet addresses created by the Trust Wallet Browser Extension between November 14 and 23, 2022.

Trust Wallet promptly patched the issue and reimburse process for the affected users.

Final words

Although Trust Wallet once faced a significant security issue, the problems were promptly resolved.

They even went as far as reimbursing the affected wallet accounts during the time it event occured.

In some cases, fund losses can occur due to Trust Wallet scam actions rather than inherent flaws in the wallet itself.

However, it’s crucial to remain proactive in protecting your funds so you don’t find yourself facing such risks.

Stay vigilant and adhere to the safeguards to ensure your Trust Wallet experience remains secured and safe.

About the 'Staunch

Henry is the founder of Crypto Staunch. He studied accounting and finance at Godfrey Okoye University, but became a Cryptopreneur to pursue his interest in learning digital currency and asset investment. Since 2018, Henry Kings has writing about Crypto, DeFi & NFT to help other people get started in the space. His publications has been featured in Binance Square, Digest Africa, Tech Economy, International Business Times, CoinDesk and many other top Crypto media outlets.

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About The 'Staunch

Henry is the founder of Crypto Staunch. He studied accounting and finance at Godfrey Okoye University, but became a Cryptopreneur to pursue his interest in learning digital currency and asset investment. Since 2018, Henry Kings has writing about Crypto, DeFi & NFT to help other people get started in the space. His publications has been featured in Binance Square, Digest Africa, Tech Economy, International Business Times, CoinDesk and many other top Crypto media outlets.