CZ warns Trust Wallet users of fake website as $1.1M exploit emerges

Binance co-founder Changpeng Zhao has warned cryptocurrency users about a fraudulent Trust Wallet website designed to trick visitors into connecting their wallets, as separate reports have raised concerns about a $1.1 million exploit targeting iPhone users. Summary Binance co-founder Changpeng Zhao warned users about a fake Trust Wallet website that tricks visitors into connecting their cryptocurrency wallets under the pretext of reviewing transfers. Security researcher Anurag found that the malicious website supports Trust Wallet, Phantom, and OKX Wallet and contains code capable of scanning wallet balances and preparing transfers to preset addresses. The researcher said transaction signing was disabled when the website was examined, although its JavaScript contained the components needed to prepare cryptocurrency transfers. Separate reports alleged that an attacker had stolen approximately $1.1 million from Trust Wallet users through an exploit affecting devices running iOS 18.5, with users urged to update their operating systems. Security researcher Anurag, who operates the Malwarehunter account on X, identified the suspicious website on November 5 and published details of the m...