Truebit protocol recently encountered a major issue. According to information from the official sources and on-chain data analysis platforms, the smart contract of this protocol was hacked, resulting in the transfer of 8,535 ETH, equivalent to approximately $26.44 million USD. This number is indeed significant.
The official team promptly issued an emergency statement, warning all users to immediately stay away from this contract and refrain from any further interactions. They have also initiated an investigation process and are cooperating with relevant law enforcement agencies to advance the case. The official promise to provide ongoing updates through formal channels regarding what exactly happened, where the vulnerabilities were, and how they were exploited.
Such incidents serve as a warning to the entire ecosystem — even the most mature protocols can have security risks, so users should stay vigilant before participating in any on-chain activities.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
5
Repost
Share
Comment
0/400
ForkMaster
· 01-10 18:30
Here is the translation:
Once again, same old story. What about the security audit? Over 8,500 ETH lost and still "under investigation." Even with our own kids, we'd be faster. I've long said that mature protocols are just weeds.
---
Just yesterday, I was teaching three kids about security awareness. Today, someone comes along to demonstrate what a bad example looks like. Incredible.
---
$26 million just gone like that. The project team’s promise of continuous updates—does that settle it? My reliable instincts tell me there’s more to this story.
---
Having seen this kind of thing many times, true seasoned investors have long since stayed away from projects like Truebit. Choice is the best defense.
---
The first rule of surviving a bear market—don’t trust any emergency notices from protocol teams. Running away immediately is the way to go.
---
This is hilarious. Still need to "stay alert"? You should just not participate at all. Don’t touch contract code unless it’s been reviewed by white hats.
---
8535 ETH transferred so quickly—hackers are really efficient, faster than the official announcement.
View OriginalReply0
GasWastingMaximalist
· 01-09 01:58
26 million lost, that's why I keep saying don't go all in on any protocol
Another "mature" project crashes, hilarious
This time Truebit really pulled back, should have been wary of these hyped-up solutions long ago
This is what you call on-chain gambling, anyway, it all ends up being liquidated
I just want to know what kind of face these developers are showing right now
View OriginalReply0
ZKSherlock
· 01-09 01:58
actually, this is exactly why i keep harping on about cryptographic primitives mattering more than marketing. truebit's supposed to be doing fancy zk stuff but here we are... 8.5k eth gone. makes you wonder what their threat model *actually* was, y'know?
Reply0
MoonlightGamer
· 01-09 01:53
26.44 million lost, this is outrageous
It's the same pattern again, only talking after the incident?
Truebit also crashed, it feels like nothing is safe lately
Really, I need to review the code audit reports more carefully before taking action
This time we have to wait for the official investigation report, just have to wait and see
No way, if even major protocols are like this, how can small tokens be played?
View OriginalReply0
NotSatoshi
· 01-09 01:37
26,440,000 gone, truly incredible
---
Another bloody lesson, who still dares to trust old-school protocols
---
Oh my, over 8,000 ETH, I need to check my own contracts
---
That's why I prefer to miss out on opportunities rather than touch unfamiliar things
---
Hackers are really fierce, the official response was quite quick, right?
---
When will security risks finally be fully resolved?
---
Are contract audits all just a sham?
---
It seems no one can relax; we must stay vigilant at all times
Truebit protocol recently encountered a major issue. According to information from the official sources and on-chain data analysis platforms, the smart contract of this protocol was hacked, resulting in the transfer of 8,535 ETH, equivalent to approximately $26.44 million USD. This number is indeed significant.
The official team promptly issued an emergency statement, warning all users to immediately stay away from this contract and refrain from any further interactions. They have also initiated an investigation process and are cooperating with relevant law enforcement agencies to advance the case. The official promise to provide ongoing updates through formal channels regarding what exactly happened, where the vulnerabilities were, and how they were exploited.
Such incidents serve as a warning to the entire ecosystem — even the most mature protocols can have security risks, so users should stay vigilant before participating in any on-chain activities.