CZ Warns Trust Wallet Users of a Fake Site Draining Funds
By Damilola Esebame
AI summary of the source article
Binance co-founder Changpeng Zhao warned Trust Wallet users about a phishing website impersonating the wallet provider. The alert coincides with an unverified claim alleging roughly $1.1 million was stolen from users through an iOS exploit.
Why it matters
The convergence of phishing sites, alleged software exploits, and documented hardware vulnerabilities creates a layered threat environment for mobile wallet users heading into year-end.
Key facts
- Security researcher Anurag identified the fraudulent domain trastwallet[.]cam on November 4, which scans balances across Trust Wallet, Phantom, and OKX Wallet.
- A separate unverified claim alleged an attacker extracted seed phrases and stole around $1.1 million from Trust Wallet users running iOS 18.5.
- The phishing domain prepares transfers to hardcoded recipient addresses and lists per-asset limits of $1 to $5,000.
Source excerpt · FinanceFeeds
Binance co-founder Changpeng Zhao warned Trust Wallet users about a phishing website impersonating the wallet provider, posting on X that “more phishing websites out there… .cam is not .com. Be careful.” The alert came as a separate, unverified claim alleged roughly $1.1 million had been stolen from Trust Wallet users through an iOS exploit. Fake Site Scans Wallet Balances and Prepares Transfers S…