It was a busy week across the crypto industry, with security incidents, governance decisions, regulatory moves, and major corporate actions all making headlines. From Trust Wallet rolling out a compensation plan after a browser extension hack to Indian authorities arresting a former Coinbase employee, here’s a clear breakdown of the biggest developments you need to know.
Trust Wallet launches compensation process after Chrome extension hack
Trust Wallet has started a formal compensation process for users affected by malicious code found in its Chrome browser extension. The issue was discovered in version 2.68 of the extension earlier this week.
According to the wallet provider, impacted users can now submit claims through an official support form. The process requires users to share details such as their email address, country of residence, affected wallet addresses, the attacker’s receiving address, and related transaction hashes. Trust Wallet said the move is aimed at making affected users whole after the incident and restoring confidence in its browser-based tools.
Former Coinbase support agent arrested in India
Indian police in Hyderabad arrested a former Coinbase customer service agent in connection with the data breach the exchange disclosed in May. Coinbase CEO Brian Armstrong confirmed the arrest in a post on X, stating that the company has “zero tolerance for bad behavior.”
Armstrong added that Coinbase is continuing to cooperate with law enforcement and suggested that more arrests could follow as investigations progress.
Uniswap votes to activate protocol fees and burn UNI
Uniswap governance took a major step this week after token holders overwhelmingly approved the “UNIfication” proposal from Uniswap Labs and the Uniswap Foundation. The vote clears the way for activating protocol fees and burning millions of UNI tokens.
The decision significantly reshapes Uniswap’s token economics and could have long-term implications for UNI’s supply dynamics and value capture within the protocol.
Trump Media moves nearly $174M worth of Bitcoin
Trump Media and Technology Group transferred around 2,000 Bitcoin — worth approximately $174 million — across multiple wallet addresses. The transfers came just one day after reports that the company increased its total Bitcoin holdings to 11,542 BTC.
Blockchain tracking data shows that the funds were routed through several addresses, with roughly $12 million eventually landing in Coinbase Prime Custody.
Polymarket links account breaches to login provider
Prediction market platform Polymarket blamed a third-party login provider for recent account compromises. The issue was confirmed through the project’s Discord channels after users reported suspicious login alerts.
Several affected users later discovered their account balances had been completely drained, with reports spreading across Reddit and X.
Russia proposes tiered crypto trading rules
The Bank of Russia introduced a new regulatory framework that would allow both qualified and non-qualified investors to trade cryptocurrencies under separate rule sets. Under the proposal, cryptocurrencies and stablecoins would be treated as foreign currency assets — permitted for trading but banned from use as payment instruments inside the country.
Bybit plans Japan exit, Coinbase expands, and more
Bybit announced it will begin restricting services for Japanese residents next year to align with local regulations, though specific services were not named.
Meanwhile, Coinbase agreed to acquire The Clearing Company to support its expansion into prediction and event-based markets, and Indian regulators approved Coinbase Global’s minority investment in CoinDCX.
Elsewhere, former Binance CEO Changpeng Zhao outlined his post-pardon priorities for 2025, while asset manager Bitwise filed for a spot SUI ETF using Coinbase Custody — signaling continued institutional interest despite the market’s ups and downs.
Also Read: Aave’s $140M Year Meets Governance Clash as AAVE Slides 20%
