Recently, the theft of funds from Trust Wallet has been making quite a fuss, so we need to clarify what exactly happened. Based on the situation, it’s clearly an issue with the wallet product itself and has nothing to do with the Solana public chain. The theft occurred only after the Chrome browser extension was updated, which is basically a code vulnerability or a compromised user device.



After completing its upgrade, Solana significantly enhanced the security level of smart contracts using a layered verification system, resulting in zero security incidents at the public chain level over the past six months. In contrast, Ethereum frequently reports smart contract vulnerabilities being exploited. So blaming the public chain for wallet issues is just a different way of shifting the narrative.

Regarding regulation, the current approach isn’t about tightening but about standardizing. The US CFTC has already issued a prediction market license to Gemini, and Trump’s company plans to collaborate with a certain crypto platform to develop prediction markets. This indicates that regulators are gradually opening up to the crypto market. In Russia, two major exchanges have announced that they will open crypto trading next year, allowing both individual investors and institutions to participate. This move toward regulation is a big positive for the Solana ecosystem—after all, SOL’s underlying architecture is clear, its ecosystem governance is mature, and it’s easier to meet regulatory compliance. Those meme coins that rely on storytelling are the ones that regulators are likely to crack down on.

Some people are still worried about whether the Federal Reserve will change its policy, but honestly, there’s no need to worry. Currently, US employment data and inflation rates are both easing, and the probability of the Fed continuing to cut interest rates is high. Even if they hold steady in the short term, it’s unlikely they will tighten liquidity.
SOL0.15%
ETH0.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
MissedAirdropBrovip
· 2h ago
Blaming SOL again, fine, anyway Ethereum isn't idle either. It sounds like Trust Wallet is taking the fall this time, no wonder it's the public chain's fault. SOL's architecture is indeed cleaner, much more reliable than some chains with daily vulnerabilities. Standardization is actually a good thing; air coins are going to suffer. Regarding the Federal Reserve, the rate cut expectations were already quite stable, don't overthink it. This wave of the SOL ecosystem probably will benefit a lot.
View OriginalReply0
NewDAOdreamervip
· 2h ago
Once again blaming Solana, such a deep套路? --- Trust Wallet's failure isn't blamed on the public chain; there's no problem with that logic, it's just that people need to come up with reasons to smear anyone online. --- The loosening of regulations is real, but saying Solana is more likely to face compliance issues... that sounds like self-hype. --- The Fed's rate cut expectations are back again, I don't believe you, haha. --- Can Chrome extension issues be directly blamed on the public chain? We're not that naive, right? --- Anyway, Ethereum's failures are always more than SOL's, that's a pretty solid conclusion. --- Aircoin projects are doomed, I agree. Better than those who just rebrand and come back. --- I'm just worried that the rate cut expectations will change again. The Fed keeps doing this; who can say for sure? --- Is Solana's ecosystem governance mature? Haha, that term is quite popular in the crypto circle.
View OriginalReply0
FudVaccinatorvip
· 2h ago
Trying to shift blame to SOL again? When Trust Wallet has issues, they want to drag the public chain into the mess—it's a bit unreasonable. --- Frequent vulnerabilities on the ETH side, while our SOL has been trouble-free for the past six months. Comparing the two makes it clear. --- Regulatory relaxation is actually quite crucial; the days of air coins are becoming increasingly difficult. --- The Federal Reserve's rate cut expectations are already set, so worrying about liquidity is really unnecessary. --- Solana's architecture is clear, there's no problem there; I'm just worried it might get dragged into trouble again later. --- When the wallet has issues, blaming the public chain is just a different way of stealing the concept. --- Trump collaborating on prediction markets—this signal deserves a careful look. --- Can Chrome extension updates lead to coin theft? It shows that the risk points are still at the application layer, not the chain. --- Russia will open trading next year, and institutional entry could be a turning point. --- Honestly, those projects that survive by storytelling are the ones that should be closely watched and cleaned out—just a period of clearing out the bad actors.
View OriginalReply0
SatoshiHeirvip
· 2h ago
It should be pointed out that this article blames the Trust Wallet issue on the Chrome extension, but on-chain data shows the problem is far from that simple. Undoubtedly, SOL is more stable than ETH in terms of infrastructure, but the claim of "zero security incidents in the past six months"... I’ve read the white paper, my friend, and it clearly overlooks some details. I agree with loosening regulations, but don’t overestimate it. Trump’s prediction markets were driven by political needs, not a genuine embrace of crypto—this is actually contrary to Satoshi Nakamoto’s original vision of decentralization. The Fed’s rate cut expectations are so optimistic? I suggest looking at the M2 data; don’t be brainwashed by public opinion.
View OriginalReply0
PhantomHuntervip
· 2h ago
Blaming the wallet for being hacked, not the chain, makes perfect sense... Anyway, ETH keeps having contract bugs daily, SOL has had zero incidents in half a year, the gap is obvious. Wait, Trump is doing prediction markets? This guy really dares to try everything. Russia will open trading next year, this will be interesting. The world is moving towards regulation, the good days of air coins are probably over. Will the Federal Reserve really continue to cut interest rates? It feels like a trick to lure big investors in... But on the other hand, Solana's recent strategy with a clear architecture and mature governance is really impressive, making it much easier to pass audits.
View OriginalReply0
DegenRecoveryGroupvip
· 2h ago
The information is clearly presented, and Trust Wallet indeed can't be separated from Solana, but I'm also amazed by how frequent ETH contract vulnerabilities are, haha. --- Another wave of signals indicating regulatory relaxation. It feels like this year's situation is truly different. The SOL ecosystem is becoming quite popular. --- The Federal Reserve's rate cut probability is so high? Then I need to recalculate my positions. Liquidity is indeed a valid point. --- Wallet hacking and public chain security are unrelated; the logic makes sense. I'm just worried about rumors flying around. --- Russia is also planning to loosen regulations next year? Now every country is paving the way. Compliant projects are definitely more attractive. --- Your logic is solid, but honestly, will the Federal Reserve really be so honest about cutting rates? I don't believe it. --- Layered verification systems are indeed powerful, but theft incidents are still quite alarming. User education needs to keep up. --- This analysis clearly comes from a Solana fan, but what they said does make some sense. --- Oh my God, now even regulators are nodding, and the air coins are really going to be finished. --- The vulnerability was only discovered after this Chrome extension update? That's an interesting detail; worth digging into.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)