Is Trust Wallet being hacked? That’s the question making the rounds in the crypto community after several users took to X to report that their wallets had been compromised and their funds stolen.

Now, to be clear, a fresh hack of Trust Wallet’s mobile application has not been confirmed. However, the number of complaints from people claiming to have lost their crypto is raising eyebrows, especially as investigations point to a wider wave of attacks targeting iPhone users.

So, is Trust Wallet being hacked, or is something else going on?

What’s happening?

Reports from Trust Wallet customers on X describe cases of unexpected withdrawals and wallets being drained.

One customer claimed to have lost 3,830 USDT without knowingly approving a transaction. Other complaints have also raised concerns about unauthorised access to wallets and missing funds.

These reports are understandably worrying, especially for people who keep a significant portion of their crypto in mobile wallets.

However, it’s important to separate customer complaints from confirmed security breaches. At the moment, there is no conclusive evidence that Trust Wallet’s mobile application itself has been hacked in connection with these recent reports.

Could compromised iPhones be part of the problem?

There’s another security development worth paying attention to. A recent investigation into crypto thefts involving iPhone users traced at least $4.06 million in stolen USDT across 365 TRON wallets. Additional losses were identified across other blockchain networks.

The incidents have raised concerns about malicious software and iPhone exploits that could expose sensitive information stored on devices. This is particularly relevant to crypto holders because wallet recovery phrases and private keys can give attackers access to their funds if exposed.

Trust Wallet has featured in discussions surrounding these incidents, but there is no confirmed link establishing that a vulnerability in its mobile application caused the reported losses.

In other words, the issue could involve compromised devices, stolen recovery phrases or other security weaknesses rather than a direct hack of the wallet application.

Trust Wallet has had a security incident before

Well, this isn’t the first time the wallet provider has faced security concerns. In December 2025, a breach affecting Trust Wallet’s Chrome browser extension version 2.68 resulted in approximately $7 million in losses.

The company advised affected customers to disable the compromised extension and upgrade to version 2.69. It also clarified that people using only its mobile application were not affected by that particular incident. That was a confirmed security breach, but it is separate from the recent reports of missing funds.

How can you protect your crypto?

Choose your wallet carefully. Vent’s SafeWallet offers a convenient way to hold your vUSD, withdraw to your bank account, purchase airtime or data, and convert your balance to USDT or USDC across supported networks.

Here’s a few tips to help you:

• Keep your phone and applications updated with official releases.
• Protect your recovery phrase and private keys. Never share them, regardless of who asks.
• Avoid untrusted downloads. Only install applications from sources you trust.
• Watch out for suspicious links asking you to connect your wallet or provide sensitive information.
• Review your transactions regularly and investigate withdrawals you don’t recognise.

If you suspect your wallet has been compromised, use a clean device to create a new wallet and move any remaining funds. Never reuse a recovery phrase that may have been exposed.

Your Crypto Deserves a Safe Place

Recent reports are a reminder that where you keep your crypto and how you protect it both matter. With Vent’s SafeWallet, you can hold your vUSD balance and manage your funds conveniently. Every vUSD balance is backed 1:1 by reserves, and customer funds are kept separate from company funds.

Whether you’re holding funds, making everyday purchases or converting crypto, Vent makes managing your crypto-to-cash needs easier.