Recently, Trust Wallet was hacked, and user assets lost nearly $7 million. After the incident was exposed, major leading exchanges all stated that they would compensate affected users. From this, you can see a mature platform's attitude towards user assets — it's not about shifting blame, but about genuine responsibility.
This incident actually hit many people's pain points. Whether in a bull or bear market, the security of funds can never be relaxed. That’s why when choosing a wallet or DeFi project, security must be the top priority. Don’t be fooled by high yields; first ask yourself: Has this product undergone security audits? Is the team reliable? Have there been any issues in the past?
To put it simply, everyone who has suffered losses in this field understands one truth — no matter how good the returns are, they only count if they can be safely put into your pocket. Instead of regretting afterward, it’s better to do your homework thoroughly upfront.
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ClassicDumpster
· 12-26 13:12
$7,000,000 just disappeared like that, you still need to be more cautious
Not all wallets are reliable; you should choose those that truly have responsibility
No matter how great the high returns are, always ask if a security audit has been done
Once you've been burned, you'll know that safety always comes first
Exchanges that dare to compensate are trustworthy; everything else is nonsense
This time, Trust Wallet's failure serves as a warning to everyone
No matter how glamorous the promises, nothing beats a proven safety record
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TheShibaWhisperer
· 12-26 13:10
$7 million just gone like that, it's really incredible. If you ask me, you still need to keep your eyes open and not just focus on the APY.
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TokenStorm
· 12-26 13:09
On-chain data shows that after this incident, security audit concept stocks surged, but I still choose to continue going all-in on high-yield projects that haven't been audited yet, which aligns with my expectations for myself.
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LayerZeroHero
· 12-26 13:07
The figure of 7 million USD... Actual data shows us how terrifying the attack vectors on cold wallets can be. The Trust Wallet incident made me reevaluate the security vulnerabilities in protocol architecture.
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It has been proven that no matter how fancy the cross-chain ecosystem is, it cannot compensate for fundamental security flaws. We need to carefully review the audit reports and not just focus on APY.
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This incident is quite desperate. Although major exchanges have shown a good attitude towards compensation, it feels like this is already the bottom line... What we should reflect on is our asset migration strategy.
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Compensation is a later matter; I am more interested in how that 7 million was specifically leaked. Which attack vector was breached? We must understand these details before continuing to use the wallet.
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So my current logic is: first run multi-chain testing feedback, then decide which chain to move the funds to. I don't want to suffer losses again.
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What seems like a routine security incident is actually a reveal of interoperability design flaws... I need to immediately check my bridging mechanism configuration.
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Deconstructionist
· 12-26 12:54
$7 million is gone just like that, but luckily the exchange compensates. But to be honest, most small projects tend to pass the buck when they run away, that's the difference.
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ForkThisDAO
· 12-26 12:42
$7,000,000 is this? I've already migrated to a cold wallet.
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Leading exchanges daring to compensate are the real winners; trash small platforms that run away are faster to disappear than to pay.
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It sounds good, but it's still more reassuring to hold your private keys yourself.
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Security audits are really necessary; don't be blinded by APY.
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Another hack and compensation, it's a thankless effort. Self-custody is more reliable.
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Trust Wallet? I only trust my own self-custody wallet.
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After losing once, I understand. No matter how high the returns are, they're not worth it.
Recently, Trust Wallet was hacked, and user assets lost nearly $7 million. After the incident was exposed, major leading exchanges all stated that they would compensate affected users. From this, you can see a mature platform's attitude towards user assets — it's not about shifting blame, but about genuine responsibility.
This incident actually hit many people's pain points. Whether in a bull or bear market, the security of funds can never be relaxed. That’s why when choosing a wallet or DeFi project, security must be the top priority. Don’t be fooled by high yields; first ask yourself: Has this product undergone security audits? Is the team reliable? Have there been any issues in the past?
To put it simply, everyone who has suffered losses in this field understands one truth — no matter how good the returns are, they only count if they can be safely put into your pocket. Instead of regretting afterward, it’s better to do your homework thoroughly upfront.