Trust Wallet has denied reports that it is under investigation by the US government or its agencies, according to a Feb. 15 statement.
‘Binance Trust Wallet’ vulnerability
Earlier today, multiple reports indicated that the National Institute of Standards and Technology (NIST), a US agency responsible for setting technology and cybersecurity standards, is investigating a potential vulnerability in the iOS version of “Binance Trust Wallet.”
Binance told CryptoSlate that Trust Wallet now operates as a separate legal entity and is not part of the Binance group.
The vulnerability, listed in the CVE database on Feb. 8, alleged that a particular version of the Trust Wallet app improperly utilizes the trezor-crypto library to create mnemonic words that can only be authenticated at the entropy source.
According to NIST, this flaw has already been exploited in the wild, resulting in financial losses. The agency stated:
“An attacker can systematically generate mnemonics for each timesta
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