Trust Wallet has initiated a verification process for users impacted by a Christmas Day browser-extension exploit that resulted in approximately $7 million in losses. The company's CEO, Eowyn Chen, stated that investigators have identified 2,596 compromised wallet addresses. However, the platform has received over 5,000 reimbursement claims, indicating a significant number of potentially false or duplicate submissions. To ensure funds are distributed only to legitimate victims, Trust Wallet is implementing strict verification procedures, cross-checking multiple data points to confirm true wallet ownership.
Concurrently, the artificial intelligence (AI) cryptocurrency sector is experiencing a notable surge, with several projects posting significant gains. A new entrant, DeepSnitch AI (DSNT), is attracting considerable investor attention, having raised over $1 million in its ongoing presale. The project's token price has reportedly increased by over 108% for early backers. DeepSnitch AI is marketing itself as a practical AI tool for traders, featuring live agents like SnitchScan for contract auditing, SnitchFeed for tracking whale wallets, and SnitchGPT for analysis.
The project is offering time-limited bonus incentives. Investors purchasing $2,000 or more worth of tokens with the code DSNTVIP50 receive a 50% bonus, while those investing $5,000+ with the code DSNTVIP100 get a 100% bonus. These offers are set to end on January 1st.
Other AI-focused cryptocurrencies are also performing well. SQD (SQD) has seen its price soar from $0.04 to $0.1095, marking weekly and monthly gains of 162.8% and 85.0%, respectively. Analysts suggest a breakout past the $0.10 resistance could propel it toward $0.28. The Venice Token (VVV), a privacy-focused coin, has also surged, climbing from $1.00 to $1.65 over two weeks, though its RSI reading of 73 indicates it may be overbought.
In broader market news, Ethereum demonstrated robust developer activity despite price stagnation. Data from Token Terminal shows a record 8.7 million smart contracts were deployed on Ethereum in Q4 2025, driven by growth in real-world asset tokenization and stablecoin usage. While Ethereum's price held above $2,900, exchange data revealed net outflows, with US traders leading selling pressure that pushed the Coinbase Premium negative.
The news highlights a contrast between established projects and new entrants. While Ethereum shows fundamental strength and BlockDAG has raised a massive $440 million, analysis within the articles suggests their large market capitalizations may limit short-term upside potential for new investors, shifting some focus toward earlier-stage projects like DeepSnitch AI which promise higher asymmetric returns.
