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
- New leadership is prioritizing security hardening and product upgrades following recent concerns.
- The core self-custody model remains unchanged, keeping user-controlled keys and wallet autonomy central.
- The transition reflects increasing operational maturity across crypto firms as they professionalize leadership and risk management.
- Security execution will be the decisive factor for rebuilding trust and sustaining long-term growth.
- Retail traders: Wallet updates and security changes may affect daily usage patterns, UX, and trust.
- Long-term holders: TWT sentiment and price may respond to whether the new CEO delivers measurable improvements.
- Institutions: Partnerships, compliance posture, and enterprise features could evolve under new leadership direction.
- Builders: Developers may benefit from product improvements, integrations, and clearer expansion roadmaps.
Leadership Transition Overview
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. |
Community Reaction
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.
What to Watch Next
- Felix Fan’s First Initiatives: Track upcoming announcements or interviews from the new CEO on specific plans for security upgrades and product enhancements, which could signal Trust Wallet’s direction in the coming months.
- TWT Token Performance: Monitor price movements and trading volume of Trust Wallet’s native token, as leadership changes often influence investor sentiment and could lead to short-term volatility.
- User Adoption and Metrics: Watch for quarterly reports on user growth, active wallets, or retention rates, especially post-hack, to gauge if the transition stabilizes or boosts the platform’s ecosystem.
- Competitive Landscape: Keep an eye on responses from rival wallets like MetaMask or Phantom, including potential partnerships or features that could challenge Trust Wallet’s market share in self-custody solutions.
