Truebit Protocol Suffered a $26.5 million Hack as the TRU Token Crashed 100%

15 hours ago

Truebit Protocol, a blockchain project focused on

Truebit Protocol, a blockchain project focused on verified computing, has suffered a major security breach that led to losses of around $26.5 million. The exploit caused the TRU token to crash to near zero, shaking investor confidence.

This sharp collapse highlights how closely token prices are tied to protocol security. Once trust is broken, even temporarily, investor confidence can disappear within minutes.

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Truebit Issues Official Statement After Hack

Following the incident, the Truebit protocol released an official statement acknowledging the security breach. The team confirmed that a specific smart contract had been affected and urged users not to interact with the contract until further notice.

Truebit stated that it is working closely with law enforcement and taking all possible steps to contain the damage.

Today, we became aware of a security incident involving one or more malicious actors. The affected smart contract is 0x764C64b2A09b09Acb100B80d8c505Aa6a0302EF2 and we strongly advise the public not to interact with this contract until further notice. We are in contact with law…

— Truebit (@Truebitprotocol) January 8, 2026

The team also assured users that updates will be shared only through official communication channels as more details become available.

Same Exploiter Linked to Previous Sparkle Attack

PeckShield also noted that the wallet involved in the Truebit hack was linked to a previous attack on the Sparkle protocol around 12 days earlier. In that incident, the attacker obtained tokens and later moved funds through Tornado Cash, a privacy tool often used to hide transaction trails.

This repeated pattern suggests the attacker is experienced and actively scanning for vulnerable projects, increasing concern across the DeFi space.

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FAQs

What is the Truebit Protocol hack?

The Truebit Protocol suffered a $26.5 million security breach, where an attacker drained approximately 8,500 ETH by exploiting a smart contract vulnerability, causing its TRU token to collapse nearly 100%.

How much was stolen in the Truebit hack?

Approximately 8,500 ETH, worth around $26.5 million at the time of the attack, was stolen from Truebit. The stolen funds were split and moved to separate wallets to complicate recovery efforts.

What has Truebit done after the hack?

Truebit acknowledged the breach, warned users not to interact with affected contracts, and is working with law enforcement. Official updates are being shared through their verified channels only.

Is it safe to use Truebit Protocol after the hack?

Truebit has advised users not to interact with the affected contract while investigations continue and security measures are being reviewed.

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