Trust Wallet, a cryptocurrency storage provider authorized by Binance, was temporarily removed from the Google Play Store on April 29, but has since been restored.
This decision caused a 5% drop in Trust Wallet’s token TWT, leaving customers perplexed as to why Google took such step. Speculation surfaced following a recent FBI circular warning against non-KYC platforms.
After prompt action, Trust Wallet’s app was restored to the Google Play Store. Despite this, questions about the app’s security remain. Previously, Trust Wallet alerted Apple customers of a zero-day vulnerability and was investigated by the National Institute of Standards and Technology for a security weakness in its iOS application.
Speculation developed, relating the occurrence to an FBI letter warning about non-KYC platforms. However, Trust Wallet stated that Google’s decision was based on their standards, not the FBI alert.
While no user data was exposed during past security issues, Trust Wallet still faces challenges in providing a safe platform for its consumers.
Read also: Trust Wallet Alerts Apple iOS Users About iMessage Vulnerability
