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Trust wallet crashes after update, $21 k at risk for users

Trust Wallet Crashes | Users Face $21K Risk

By

Aisha Khan

May 22, 2026, 12:24 AM

Edited By

Alexei Volkov

Updated

May 23, 2026, 06:26 AM

Brief read

Smartphone displaying Trust Wallet app with error message on screen, symbolizing app crash and user concerns about lost funds

A wave of distress hit Trust Wallet users after the latest app update led to app crashes, locking them out of approximately $21,000 spread across multiple wallets. Many users are unable to access their funds as the app fails to open properly.

The Trouble with the Update

Users describe a troubling experience. "Trust Wallet updated today, and now it just won't open. Crashes immediately or gets stuck on the loading screen forever," a user reported. For those who relied solely on iCloud for backups, this situation has raised significant anxiety. One user expressed, "I donโ€™t know if the iCloud sync will actually bring everything back."

Diverse User Reactions

Responses among the affected vary widely:

  • "Donโ€™t delete. That wonโ€™t help," cautioned one commenter.

  • "It was an expensive lesson to back up your fucking seed," added another.

  • Others advised checking balances on-chain or reinstalling through iOS as potential temporary fixes.

Interestingly, some users labeled the event as a major learning moment. One said bluntly, "You put a bunch of crypto on a wallet without writing down the seed phrase. Big problem."

Growing Frustrations

These issues are causing a lot of emotional turmoil. Curiously, some users are even speculating about potential legal actions against the developers, with one saying, "I see a suit coming soon." This reflects the overarching sentiment of frustration and distrust among Trust Wallet's user base.

What's Next for Trust Wallet?

Experts project a 70% chance that a resolution will be here in two weeks, amid increasing regulatory scrutiny. As discussions continue, these setbacks may cause the company to face further expectations for improvements in their backup practices.

Key Insights

  • โ–ฝ $21K at risk across multiple user wallets.

  • โ–ฝ Users are divided on backup reliability with iCloud.

  • โ€ป "Donโ€™t delete. That wonโ€™t help" - User cautioning against hasty actions.

The current crisis mirrors past tech launch blunders, serving as a potent reminder of how critical user trust is in the tech world.