Following the news, Trust Wallet’s token TWT dropped by 5% as users were uncertain about why Google had suspended the app without public notice. Speculators also speculated that the problem was linked to an FBI circular from the previous week, cautioning against the use of non-KYC platforms and solutions.
Amidst the social media uproar, crypto.news contacted the maker of the self-custodial wallet for an official statement. In an email response, a spokesperson elucidated that the company promptly addressed the situation. Contrary to speculation, the FBI notice was not cited as the sole reason for Google’s initial action. At the time of reporting, TWT had only partially rebounded from its earlier decline, as indicated by CoinMarketCap data.
“The matter was related to Google’s policies to which we submitted an appeal several weeks ago. Furthermore, we are glad to inform you that Trust Wallet app is again live at the Google Play Store.” – Trust Wallet spokesperson
Security issues with Trust Wallet
Although Google’s temporary removal appears unrelated to the FBI’s statement, the wallet service could still be embroiled in an enduring issue tied to security worries. Just this month, the non-custodial wallet alerted Apple users to a zero-day vulnerability discovered in the default iOS messenger app. The company advised users to temporarily disable iMessage until a solution is deployed.
Back in February, the National Institute of Standards and Technology (NIST) revealed an investigation into a security vulnerability identified in Trust Wallet’s iOS application.
The NIST, a division of the U.S. Department of Commerce, refrained from confirming any connection between the loophole and iMessage. Moreover, the inquiry came to light nearly a month subsequent to hackers infiltrating a third-party service utilized by the crypto wallet. Fortunately, no user data was compromised in the breach.
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