CZ Pulls the SAFU Lever After $7 Million Trust Wallet Breach

CZ confirms the Trust Wallet exploit caused roughly $7 million in losses, and says every affected user will be fully reimbursed.

The real question now is how a malicious extension update passed review and went live. This shifts the story from “user loss” to “supply-chain failure” at the wallet layer.

Refunds may stop the panic, but the trust breach is now the bigger systemic risk.