According to @EmberCN, Trust Wallet confirmed a security incident impacting only Browser Extension version 2.68 and instructed users to disable it and upgrade to 2.69; mobile-only users and other extension versions are not affected, source: x.com/TrustWallet/status/2004316503701958786 and chrome.google.com/webstore/detail/trust-wallet/egjidjbpglichdcondbcbdnbeeppgdph. On-chain investigator @zachxbt reports that losses exceed $6 million across hundreds of users linked to the 2.68 incident, source: x.com/zachxbt. Trust Wallet stated that affected users can contact its support center to register for compensation, source: x.com/TrustWallet/status/2004340002776555742. Traders who used the 2.68 extension should stop interactions and upgrade immediately to mitigate further loss risk, source: x.com/TrustWallet/status/2004316503701958786.

According to @manueldelrio, a recent wallet hack resulted in the loss of several thousand PepeCoin (PEPE) and BasedAI (BASED) tokens, while $BCRED and $BASED rewards remained secure due to enhanced protection measures (source: @manueldelrio on Twitter, 2024-06-20). This incident highlights ongoing vulnerabilities in common wallet infrastructures and underscores the importance of robust security protocols for traders. Crypto traders should note that tokens with advanced security features or reward mechanisms may offer better protection against hacks. These developments reinforce the urgent need for enhanced wallet security practices and could influence market sentiment and trading behaviors for PEPE, BASED, and similar assets.