On January 8th, security alert agency Cyvers Alerts detected a major fund movement. Suspicious transactions were found in the "Purchase" contract of Truebit Protocol, triggering a $26 million outflow wave.

Data tracking shows the situation is quite severe — the TRU token price plummeted instantly, with a drop approaching 99.95%, resulting in an estimated loss of about 8,535 ETH. This is not only a numerical blow; the underlying counterparty risk and operational vulnerabilities exposed are even more concerning.

Market reactions were swift. Since TRU tokens are easily confused with the TrueFi project, trading depth was already limited. It is expected that market makers will immediately widen spreads or stop quoting altogether until the full truth of the incident is revealed. Such events serve as a wake-up call for the entire ecosystem — a reminder to stay vigilant when operating on-chain.