Haciyev Reşit 
A serious security alarm has shaken the cryptocurrency ecosystem. Truebit Protocol (TRU) was targeted by a major hack in which 8,535 ETH (approximately $26.4 million) was stolen in a single transaction. On-chain data shows that following the attack, the price of TRU on decentralized exchanges was almost completely wiped out. This sudden development caused panic among investors and ecosystem participants. Due to the scale and speed of the attack, liquidity dried up rapidly, leaving users with almost no opportunity to exit their positions. Once again, the incident has highlighted the critical importance of security audits and risk management in decentralized protocols.
How Did the Hack Happen?
Security monitoring platform Cyvers detected the attack and reported that 8,535 ETH was withdrawn from the “Truebit Protocol: Purchase” contract through a suspicious transaction, with total losses estimated at around $26 million. Further details are expected to be shared in the coming days.
According to initial findings, the attacker invoked a function within Truebit’s Purchase contract notably named “Attack.” Through this action:
- Approximately 8,500 ETH was withdrawn in a single transaction,
- Around 50% of the funds were quickly routed through Tornado Cash.
Experts emphasize that the attack was executed extremely quickly and abruptly, completed in a single move without any gradual draining or obfuscation attempts.
TRU Price Crash and Liquidity Crisis
Immediately after the incident, TRU suffered a drop of up to 100% on decentralized exchanges, effectively going to zero. This dramatic price collapse made it nearly impossible for investors to liquidate their positions. The rapid disappearance of liquidity led to significant losses, particularly for small and mid-sized investors. The event serves as a stark warning for the crypto community about vulnerabilities in decentralized protocols and underscores potential risks for other altcoin projects as well. Experts stress that development teams must strengthen security audits, while users should manage their funds with greater caution to prevent similar incidents.
Officials commented on the situation as follows:
“The attack occurred in a single transaction and resulted in a significant loss of funds. The Truebit team and security researchers are currently investigating the details of the incident. Investors are advised to remain cautious.”
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