Acum 2 h
Truebit's TRU Token Plunges 99.95% After Cyvers Flags Suspected 8,535 ETH Drain on January 8, 2026
On January 8, 2026, Cyvers Alerts reported a suspected incident involving Truebit after its system detected a transaction tied to an estimated loss of 8,535 ETH, valued at about $26 million. Around the same time, on-chain data showed TRU's price collapsing by 99.95% in one day, a move more consistent with a DEX liquidity failure or pricing issue than normal selling. The situation has raised questions for trading desks about potential exposure to a labeled Truebit purchase contract and renewed concerns over ticker confusion between Truebit (TRU) and TrueFi (TRU).
TRU
TRU-0.96%
Acum 2 h
Acum 2 h
Truebit smart contract exploit on 7 January drains over 8,500 ETH worth about $26 million
On 7 January, Truebit reported a security breach in its "Truebit Protocol: Purchase" smart contract that led to the loss of more than 8,500 ETH, valued around $26–26.5 million. An on-chain pricing flaw allegedly allowed attackers to mint tokens for free, sell them back through the bonding curve, and later move roughly half the stolen funds via Tornado Cash, while the TRU token price plunged by over 60%.
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ETH
ETH-2.31%
Acum 2 h
Acum 3 h
Chainalysis: stablecoins made up 84% of $154B illicit crypto volume in 2025
Chainalysis told CryptoSlate that in 2025 stablecoins comprised 84% of the $154 billion in illicit crypto transaction volume, overtaking Bitcoin as the preferred asset for criminal use. The report also highlights DPRK-linked hacks totaling $2 billion and Russia’s ruble-backed A7A5 token moving $93.3 billion within its first year, while illicit activity remained under 1% of the crypto economy.
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BTC
BTC-0.40%
Acum 3 h