After the news surfaced, Trust Wallet’s token TWT plummeted by 5% as customers were puzzled as to why Google suspended the service without public warning.
Speculators also surmised that the issue was tied to an FBI circular from last week, warning against using non-KYC platforms and solutions. Following misunderstandings on social media.
A spokesman emphasized in an email that the business had taken fast measures to fix the situation. According to the information released, the FBI warning was not singled out as a cause for Google’s initial decision. TWT had hardly recovered from its drop at press time, per CoinMarketCap. Trust Wallet spokesperson:
“The matter was related to Google’s policies to which we submitted an appeal several weeks ago. Furthermore, we are delighted to inform you that Trust Wallet app is again online at the Google Play Store.”
Trust Wallet Security Concerns
While Google’s short removal seems unrelated to the FBI’s revelation, the wallet provider may face an ongoing fiasco tied to security issues. Earlier this month, the non-custodial wallet informed Apple customers of a zero-day vulnerability rooted in the default iOS messaging app.
The business recommends deactivating iMessage until a patch is implemented. In February, the National Institute of Standards and Technology (NIST) also disclosed an examination into a security weakness identified in Trust Wallet’s iOS application.
The NIST, a U.S. Department of Commerce agency, did not confirm if the flaw was connected to iMessage. Furthermore, the inquiry was revealed nearly a month after hackers penetrated a third-party provider employed by the crypto wallet, albeit no customer data was compromised.
