🎉 Share Your 2025 Year-End Summary & Win $10,000 Sharing Rewards!
Reflect on your year with Gate and share your report on Square for a chance to win $10,000!
👇 How to Join:
1️⃣ Click to check your Year-End Summary: https://www.gate.com/competition/your-year-in-review-2025
2️⃣ After viewing, share it on social media or Gate Square using the "Share" button
3️⃣ Invite friends to like, comment, and share. More interactions, higher chances of winning!
🎁 Generous Prizes:
1️⃣ Daily Lucky Winner: 1 winner per day gets $30 GT, a branded hoodie, and a Gate × Red Bull tumbler
2️⃣ Lucky Share Draw: 10
Recently, the security incident at Trust Wallet caused a stir, with hundreds of users losing over $6.77 million, and funds are still being transferred out. Watching this scene, many people started to wonder—how did this happen? But instead of just obsessing over it, it's better to understand what actually happened and then arm yourself accordingly.
Let's clarify first: this was not a system failure, but human error. Once the hacker gained access, they immediately moved $4.25 million through multiple channels and cleverly dispersed funds across different chains. This series of actions clearly shows premeditation and experience. It also serves as a wake-up call—black market operations in the crypto space are becoming increasingly professional, and everyone needs to stay vigilant.
Regarding compensation, the platform promised full reimbursement, which can indeed help victims ease their burden. But this doesn't mean the issue is fully resolved. A security breach can shake trust, and money alone can't fully restore it. So, relying solely on platform guarantees is a last resort; the real key is to secure your own assets.
What specific steps can you take? Here are some tips: First, quickly review the contract permissions you've granted and revoke any unused ones; second, keep a record of known hacker addresses, and carefully verify every transfer—one slip-up could be costly; third, don’t rely solely on SMS for two-factor authentication—use specialized authentication apps to avoid SIM swapping tricks; finally, for large assets, it's best to store them in offline wallets—"keeping the private key close" is a principle that never goes out of style.
This incident is not yet settled, and the hackers' funds are still flowing. Who knows if there will be further actions? The best we can do is stay alert, avoid clicking on unfamiliar links, and regularly check your account activity. "Better safe than sorry" is especially true in the crypto world.