From cointelegraph by Ezra Reguerra

Crypto wallet provider Trust Wallet announced that it had fixed a glitch that caused token balances to disappear and reappear, causing frustration among users. 

On Dec. 21, Trust Wallet users went on social media to report issues with their crypto balances disappearing. An X user said their balance would sometimes appear and disappear, while another community member said they almost had a heart attack after seeing their balance disappear.  

At 6:45 am UTC, the wallet provider announced that they were aware of the issue concerning BNB BNB$668.86 and Trust Wallet TWT$1.23 balances. The company later acknowledged that other tokens were also affected by the glitch. Despite the issue, the wallet company assured its users that their funds were safe. 

By 8:05 am UTC, Trust Wallet posted another update, saying it had already fixed the issue. “Hey Trust Fam, no more glitches! The issue has been resolved and everything should be working properly now. Thanks for your understanding,” the company wrote. 

Related: Open sourcing lets developers explore beyond initial ideas: Trust Wallet

Crypto thieves stole $2.2 billion in 2024

While the Trust Wallet issue was only a glitch, a community member panicked and thought their wallet was drained. The X user’s worries may be caused by the prevalence of security incidents within the crypto space, leading to billions in funds lost.

Chainalysis data showed that in 2024 alone, crypto hackers stole $2.2 billion in crypto within 303 security incidents.