Web3Auth Exploit Doesn't Affect Trust Wallet: Products That Might be Affected

Crypto industry is dealing with another security turmoil, as a breach at Web3Auth, the wallet authentication infrastructure owned by Consensys, has exposed private keys of certain Keplr wallets, according to the official statement of TrustWallet representative on X. The November 7 incident led to emergency service suspensions and recovery efforts, which could add pressure to an already fragile crypto market. Web3Auth confirmed that a security issue in its infrastructure had compromised certain embedded wallets integrated with Keplr, especially accounts created through Google or Apple login. Blockchain analytics firm Bitquery estimates that attackers drained at least $6 million from more than 44,000 wallets. Those wallets sit across eight Cosmos ecosystem networks, including Cosmos Hub, Osmosis, Celestia and Injective.