New Delhi, Dec. 26 -- Users of the Binance-owned Trust Wallet lost over $7 million following the launch of an updated Chrome extension. The company's co-founder, Changpeng Zhao, said that the stolen funds will be reimbursed.

"We've identified a security incident affecting Trust Wallet Browser Extension version 2.68 only. Users with Browser Extension 2.68 should disable and upgrade to 2.69," Trust Wallet said in a post on X.

In a separate post on X, the crypto wallet platform on 25 December said, "We've confirmed that approximately $7M has been impacted and we will ensure all affected users are refunded."

Meanwhile, Zhao also assured that the team is still investigating how hackers were able to access the new version.

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