Is Trust Wallet Safe to Use? A Closer Look at the Recent Security Breach

On April 22nd, the founder of Slow Fog, Yu Xian, quoted Trust Wallet’s announcement on social media stating that if users use the Trust Wallet browser extension and create a wallet between November 14-23, 2022, the wallet will be at risk. The fundamental reason is that the MT19937 pseudo-random number generator used by the TrustWallet browser extension at that time did not provide sufficient randomness, resulting in the private key being cracked.

Founder of Slow Fog: There are risks in using TrustWallet browser extensions to create wallets from November 14-23 last year

Trust Wallet is among the most widely used digital wallets in the blockchain industry. It has been adopted by a growing number of users due to its convenience, ease of use, and enhanced security features. However, recent reports of a security breach have left many users wondering whether their funds are safe. In this article, we will take a closer look at the Trust Wallet security breach and analyze what it means for the future of Trust Wallet.

What Happened?

On April 22nd, the founder of Slow Fog, Yu Xian, quoted Trust Wallet’s announcement on social media stating that if users use the Trust Wallet browser extension and create a wallet between November 14-23, 2022, the wallet will be at risk. The fundamental reason is that the MT19937 pseudo-random number generator used by the TrustWallet browser extension at that time did not provide sufficient randomness, resulting in the private key being cracked.

How Serious is the Security Breach?

The security breach is a serious issue that cannot be ignored. In fact, it demonstrates a significant vulnerability associated with the use of Trust Wallet. The breach highlights that Trust Wallet’s security measures were inadequate at the time of the breach. This has raised concerns among users who are now understandably questioning the safety of their funds. However, it is worth noting that Trust Wallet is always working to strengthen its security measures and has since addressed the vulnerability.

What Can Users Do to Protect Their Funds?

To ensure the safety of their funds, Trust Wallet users should take the following necessary steps. Firstly, users should avoid using the Trust Wallet browser extension during the time of the breach. Secondly, users who created a wallet between November 14-23, 2022, should immediately transfer their funds to a new and secure wallet. Finally, users should always ensure they have the latest version of Trust Wallet and check for any new security updates.

The Future of Trust Wallet

The Trust Wallet team is committed to providing its users with the highest level of security possible. The Trust Wallet team has since addressed the vulnerability that led to the breach and has taken measures to ensure that such an incident does not happen again in the future. The Trust Wallet team is committed to providing a safe, secure, and user-friendly experience for its users.

Conclusion

The Trust Wallet security breach has raised concerns among users about the safety of their funds. The Trust Wallet team has since addressed the vulnerability associated with the breach and has taken measures to prevent future incidents. Trust Wallet users should always exercise caution and ensure that they have the latest version of Trust Wallet and check for any new security updates. It is also recommended that users avoid using the Trust Wallet browser extension during the November 14-23, 2022 timeframe.

FAQs

Q: What happened during the security breach of Trust Wallet?

A: The MT19937 pseudo-random number generator used by the Trust Wallet browser extension at that time did not provide sufficient randomness, resulting in the private key being cracked.

Q: Is Trust Wallet still safe to use?

A: Trust Wallet is safe to use if users take necessary steps to ensure their security such as avoiding the Trust Wallet browser extension during the time of the breach, transferring their funds to a new and secure wallet, and always ensuring they have the latest version of Trust Wallet and new security updates.

Q: Should Trust Wallet users be concerned about the safety of their funds?

A: The Trust Wallet team has taken necessary measures to address the vulnerability associated with the breach and ensure a secure and user-friendly experience. However, users should always exercise caution and follow necessary security protocols to protect their funds.