Trust Wallet Opens $7 Million Reimbursement Process for Users Affected by Security Breach
- Reimbursement Process Initiated: Trust Wallet has officially launched a reimbursement process for affected users, allowing claims for approximately $7 million in losses, demonstrating the company's commitment to user safety and accountability.
- Security Vulnerability Analysis: The breach originated from a leaked Chrome Web Store API key, which allowed a malicious version of the extension to be published, impacting around 1 million users, highlighting the need for improvements in the company's security management.
- Funds Flow Monitoring: Blockchain security firm PeckShield reported that over $4 million of the stolen assets have already been routed through centralized exchanges, complicating the tracking and recovery of funds due to the attacker's movement patterns.
- User Protection Commitment: Binance founder Changpeng Zhao confirmed that Trust Wallet will fully reimburse user losses, emphasizing the safety of user funds, which aims to restore user trust and maintain the brand's reputation.
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Technical Analysis for TRUST
Technical Sentiment Analysis for Intuition (TRUST) As of , Intuition (TRUST) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUST stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TRUST is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Intuition (TRUST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0162 | 0.0386 | 0.0584 | 0.0808 | 0.1 | 0.123 | 0.143 |
| Fibonacci | 0.0386 | 0.0547 | 0.0647 | 0.0808 | 0.0968 | 0.107 | 0.123 |
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