| Hardware Wallets | High security, offline storage | Higher initial cost, less convenient for small transactions |

| Mobile Wallets | Easy to use, often have added security features | Vulnerable to malware, less secure than hardware wallets | | Custodial Services | User-friendly, insurance options | Trust in third parties, potential for hacks | | Non-Custodial Wallets | Full control over funds | User responsible for security, risk of losing access |

Summary

The Trust Wallet hack serves as a wake-up call for crypto users, highlighting the need for vigilance and secure practices. This incident has the potential to reshape the landscape of crypto wallets, pushing users towards safer options and increasing regulatory scrutiny in the digital asset space.