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Trust Wallet appoints Felix Fan as new CEO, succeeding Eowyn Chen, as the crypto wallet giant focuses on innovation, security.
Author: Arushi Garg
11th February, 2026 – Trust Wallet, Binance’s non-custodial crypto wallet, has named Felix Fan as its new CEO, replacing Eowyn Chen after four years of rapid growth that expanded users from 40 million to over 200 million. The leadership change was planned before the recent Chrome extension hack and signals a renewed focus on stronger security, better products, and global Web3 expansion.
High Signal Summary For A Quick Glance
Trust Wallet appointed Felix Fan as CEO following a planned transition, which outgoing CEO Eowyn Chen said was unrelated to the December 2025 Chrome extension hack. Fan, formerly focused on product development, will prioritize security, product upgrades, and global expansion of self-custody services.
A similar leadership change happened in 2022 when founder Viktor Radchenko stepped down after Binance’s acquisition, leading to Chen’s appointment. At that time, TWT saw little short-term market impact, though the wallet’s user growth later supported long-term positive sentiment.
| Date | Milestone | Description | Impact |
|---|---|---|---|
| November 2017 | Founding | Trust Wallet is founded by Ukrainian developer Viktor Radchenko as a non-custodial cryptocurrency wallet for mobile users. | Establishes Trust Wallet as an early player in self-custody wallets, emphasizing decentralization and user control. |
| July 2018 | Acquisition by Binance | Binance acquires Trust Wallet, integrating it into its ecosystem while allowing it to operate independently. | Boosts growth through Binance resources, expands the user base and features, and maintains non-custodial principles. |
| Early 2022 | Leadership Transition: Viktor Radchenko Departs | Founder Viktor Radchenko steps down to pursue other ventures after leading through the acquisition and early scaling. | Marks a shift toward professional management and sets the stage for faster expansion under new leadership. |
| February 2022 | Eowyn Chen Appointed CEO | Eowyn Chen, formerly with Binance, becomes CEO with a focus on marketing, growth, and global adoption. | Drives rapid scale and monetization, helping position Trust Wallet as a leading self-custody wallet globally. |
| December 2025 | Security Incident | A hack targets Trust Wallet’s Chrome extension, prompting enhanced security measures and increased scrutiny on extension attack surfaces. | Reinforces the security priority for browser wallets and influences product hardening efforts ahead of leadership transition. |
| February 11, 2026 | Felix Fan Appointed CEO | Felix Fan is named CEO following a planned transition, emphasizing product optimization, security, and global expansion. | Aims to build on Trust Wallet’s scale while addressing recent security concerns and accelerating innovation in self-custody for Web3 users. |
People on X are mostly reacting positively to Felix Fan becoming the new CEO of Trust Wallet. Many users and crypto industry figures congratulated him and feel confident because of his past experience at OKX. Some believe his leadership could help improve product innovation and security as Trust Wallet continues to grow. Official pages and news accounts shared the update, saying the company’s mission will stay the same. They also appreciated the work done by former CEO Eowyn Chen.
However, a few people mentioned concerns about Fan’s past exit from OKX and are curious about his leadership style. Some users also asked about the future plans for the TWT token, including its utility and price stability. Overall, most reactions are positive, and many users remain loyal to Trust Wallet.
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