ZachXBT tweeted to their Telegram channel, “The project Truflation was hacked a few hours ago for $5M+ on multiple chains from the Treasury multisig and personal wallets.”

Truflation reported in a post on X about the same time that it had suffered a malware attack and detected some abnormal activity. The initiative reported, “We are currently monitoring the situation and are taking measures to protect funds while we are investigating and working with law enforcement.”

Truflation also mentioned, “Staking is unavailable at this time, and there is limited liquidity on DEXs.”

What is Truflation?

Supported by Coinbase and Chainlink, Truflation—a leading DRP (definite reference point protocol)—for economic truth is driving the tokenization of Real World Assets using its independent, open, real-time financial data. Tracking over 13 million objects, Truflation’s accessible and censorship-resistant data indexes provide the required data infrastructure to enable systemic changes in the DeFi economy, therefore enabling dApps like DEXs to open almost endless marketplaces. From speculating on prices of orange juice and uranium to enabling BTC-denominated oil, gas, and maize prices, Truflation offers the key to unlocking a wide spectrum of financial markets and instruments in the Web3 world.

The TRUF token controls and guarantees the Truflation system and pays its users for their involvement. Platform governance, node operation, rewards and payment for data provision and access use the token.

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