Trust Wallet: How People Lose Money and No One Does Anything
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Why are people losing money en masse on Trust Wallet? In this video, we examine real-life cases of loss: disappearance of funds, fake tokens, attacks through the built-in browser, fake support, and interface vulnerabilities.
Trust Wallet is one of the most popular non-custodial crypto wallets with over 200 million users. But along with its popularity, the number of attacks is growing.
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Timecodes
0:00 Intro
2:19 Fake Tech Support
3:52 Fake USDT
5:51 A Trap That Looks Like a Gift
8:26 Built-in Browser
11:15 A Seed Phrase That Doesn't Exist
12:59 Address Poisoning
14:29 Mass Attack on Users on Christmas
16:16 How to Protect Yourself from Such Attacks
In this video, you'll learn:
◼️ How schemes with fake Trust support work Wallet
◼️ What are counterfeit USDT tokens and how to recognize them
◼️ How theft occurs via approve in the dApps browser
◼️ Why watch-only wallets are becoming a trap
◼️ How address poisoning works and why it's difficult to detect
◼️ What happened when the Trust Wallet extension was hacked and millions of dollars were lost
We'll also compare Trust Wallet with other wallets and show which security features it lacks and how this impacts users.