【Crypto World】On January 8th, reports emerged that the Truebit protocol experienced a serious security breach involving funds. According to on-chain data tracking, a suspicious transaction originating from the “Truebit Protocol: Purchase” contract triggered this incident.
The numbers are quite alarming—the TRU token price plummeted by approximately 99.95% in a short period, with an estimated involved amount exceeding $26 million, corresponding to a loss of about 8,535 ETH. This directly increased counterparty risk and operational vulnerabilities.
The trouble is that TRU is easily confused with TrueFi (TRU), which may exacerbate market confusion. It is expected that market makers will tighten bid-ask spreads or even suspend related trading pairs until the details of this outflow event are fully revealed. The entire market is waiting for a clear explanation.
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MainnetDelayedAgain
· 01-09 00:49
99.95% plunge... According to the database, this is already the nth "sudden risk" occurrence, and the art of timing continues to unfold.
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SneakyFlashloan
· 01-09 00:47
Here we go again, is Truebit completely done this time? A 99.95% plunge, I knew the crypto world never lacks surprises...
Really, nah, 26 million gone, 8,535 ETH just disappeared like that. How severe a bug or insider operation does that require?
Are TRU and TrueFi still easy to confuse? Haha, with this pace, retail investors should be crying.
Waiting for the dust to settle. If the official cannot provide an explanation, this matter will become even more mysterious.
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GateUser-a5fa8bd0
· 01-09 00:42
Damn, 99.95% drop straight down? Are they trying to create a hole?
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IntrovertMetaverse
· 01-09 00:38
99.95% plunge? How devastating is that... Is it another contract vulnerability or an internal rug?
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BearMarketMonk
· 01-09 00:35
99.95% plunge... This is what the cycle is teaching us about market sentiment. 26 million USD evaporated in an instant; frankly, it's still the price of human greed.
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GateUser-0717ab66
· 01-09 00:34
My goodness, 99.95% wiped out directly? How brutal is that...
Is it hacked or just a pure operational mistake? I'm really speechless. What's going on with the contract side?
The confusion between TRU and TrueFi is indeed a trap. Retail investors will get caught in the crossfire again.
$26 million lost. How do we account for this... We have to wait for an official response.
TRU token sudden risk: suspected fund outflow event causes extreme price abnormality
【Crypto World】On January 8th, reports emerged that the Truebit protocol experienced a serious security breach involving funds. According to on-chain data tracking, a suspicious transaction originating from the “Truebit Protocol: Purchase” contract triggered this incident.
The numbers are quite alarming—the TRU token price plummeted by approximately 99.95% in a short period, with an estimated involved amount exceeding $26 million, corresponding to a loss of about 8,535 ETH. This directly increased counterparty risk and operational vulnerabilities.
The trouble is that TRU is easily confused with TrueFi (TRU), which may exacerbate market confusion. It is expected that market makers will tighten bid-ask spreads or even suspend related trading pairs until the details of this outflow event are fully revealed. The entire market is waiting for a clear explanation.