Trust Wallet has issued an urgent update for its Chrome extension after a vulnerability led to $7 million in wallet drains. The issue, identified in version 2.68, involved malicious code that potentially exposed users' seed phrases. The company has advised users who imported wallets during the affected period to migrate their assets immediately. In response to the breach, Trust Wallet has committed to reimbursing affected users and emphasized the importance of securing funds promptly. The incident has raised concerns about potential volatility in altcoin markets as the broader sentiment is impacted by the security breach.