📉 Urgent: The Truebit protocol confirmed a hack resulting in losses exceeding $26 million.
The beginning of 2026 brings alarming news for the DeFi sector. The Truebit protocol also became a victim of an exploit, leading to significant financial losses.
January 9, 2026, a hacker attacked an old smart contract of the protocol.
The attacker exploited a flaw in the emission function of the outdated contract. This allowed him to mint a massive amount of TRU tokens almost for free and instantly sell them on the market.
The protocol suffered losses amounting to 8,535 ETH ($26.5 million).
The market reacted immediately. Amid the attack, the TRU token price collapsed by 99.9%.
Truebit developers have already identified the compromised contract and are in close contact with law enforcement agencies to track the movement of stolen funds.
⚠️ This incident is a stern lesson about the risks of outdated contracts in DeFi.
Recommendations for users:
Do not rush to "buy the bottom" during abnormal price drops.
Check your allowances for older versions of protocols and revoke them if necessary.
Trust only official communication channels of Truebit.
Protect your assets and always do your own research (DYOR).
#Truebit #DeFi #ETH #TRU
The beginning of 2026 brings alarming news for the DeFi sector. The Truebit protocol also became a victim of an exploit, leading to significant financial losses.
January 9, 2026, a hacker attacked an old smart contract of the protocol.
The attacker exploited a flaw in the emission function of the outdated contract. This allowed him to mint a massive amount of TRU tokens almost for free and instantly sell them on the market.
The protocol suffered losses amounting to 8,535 ETH ($26.5 million).
The market reacted immediately. Amid the attack, the TRU token price collapsed by 99.9%.
Truebit developers have already identified the compromised contract and are in close contact with law enforcement agencies to track the movement of stolen funds.
⚠️ This incident is a stern lesson about the risks of outdated contracts in DeFi.
Recommendations for users:
Do not rush to "buy the bottom" during abnormal price drops.
Check your allowances for older versions of protocols and revoke them if necessary.
Trust only official communication channels of Truebit.
Protect your assets and always do your own research (DYOR).
#Truebit #DeFi #ETH #TRU