The post Truebit Exploit Results in $26 Million Ethereum Loss appeared on BitcoinEthereumNews.com. Key Points: An exploit on Truebit’s smart contract caused an The post Truebit Exploit Results in $26 Million Ethereum Loss appeared on BitcoinEthereumNews.com. Key Points: An exploit on Truebit’s smart contract caused an

Truebit Exploit Results in $26 Million Ethereum Loss

Key Points:
  • An exploit on Truebit’s smart contract caused an ETH loss of approximately $26 million.
  • TRU token value collapsed by 100% post-exploit.
  • Incident prompted investigation with law enforcement and halted contract interactions.

Ethereum-based protocol Truebit suffered a security breach, losing approximately 8,535 ETH ($26.6 million) after an exploit on January 7, 2026, caused the TRU token to crash.

The attack exposes vulnerabilities within DeFi systems, drastically impacting Truebit’s operations and market stability, urging immediate technical and security reassessments across similar platforms.

Truebit Exploit Drains 8,535 ETH; TRU Token Crashes

Ethereum-based protocol Truebit faced a significant loss on Thursday when a security vulnerability allowed an attacker to drain 8,535 ETH, valued at roughly $26.6 million, from its system. The resulting exploit led to a 100% drop in Truebit’s native TRU token price.

On January 7, 2026, Truebit, an Ethereum computation protocol, confronted a concerning exploit involving its “Purchase” smart contract. The attacker used flawed contract logic to mint TRU tokens at no cost, withdrawing substantial ETH reserves from the protocol. This action led to a steep depreciation in its token value.

Truebit’s official X account confirmed active collaboration with law enforcement to tackle the breach. They urged the community to avoid interaction with the compromised contract. Experts stated that the unauthorized transfers displayed patterns inconsistent with regular operations, emphasizing the incident’s severity.

Law Enforcement Investigates Amid Calls for Stronger Security

Did you know? Truebit’s current situation echoes past cryptocurrency protocol compromises, where flawed smart contracts permitted severe asset devaluation, reminiscent of previous economic logic fails in DeFi markets.

CoinMarketCap data reveals TrueFi (TRU) experienced substantial declines, currently priced at $0.01 with a market cap of $14,104,466. Recent price changes show a 17.86% drop over 30 days and a 42.90% fall over 60 days, illustrating ongoing market challenges.

TrueFi(TRU), daily chart, screenshot on CoinMarketCap at 03:11 UTC on January 9, 2026. Source: CoinMarketCap

Analysts from Coincu suggest increased scrutiny on similar smart contract protocols to prevent future exploits. They advise enhancing oversight and technical safeguards to mitigate systemic risks. Historical trends imply that comprehensive security audits could alleviate vulnerabilities in DeFi ecosystems.

Source: https://coincu.com/news/truebit-protocol-ethereum-exploit/

Market Opportunity
Smart Blockchain Logo
Smart Blockchain Price(SMART)
$0.00532
$0.00532$0.00532
-0.85%
USD
Smart Blockchain (SMART) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

FBI says North Korea’s Kimsuky APT uses malicious QR codes to spearphish U.S. entities

FBI says North Korea’s Kimsuky APT uses malicious QR codes to spearphish U.S. entities

The post FBI says North Korea’s Kimsuky APT uses malicious QR codes to spearphish U.S. entities appeared on BitcoinEthereumNews.com. The FBI says Kimsuky APT, a
Share
BitcoinEthereumNews2026/01/10 02:55
Crypto ETFs Close Week Strong Despite Broad Outflows in Ether Funds

Crypto ETFs Close Week Strong Despite Broad Outflows in Ether Funds

Bitcoin ETFs finished the week with $223 million in net inflows, while Ether ETFs held positive at $48 million despite heavy redemptions across multiple funds. Blackrock’s vehicles once again carried the momentum for both markets. Bitcoin and Ether ETFs End the Week in Green With $271 Million in Combined Inflows The week ended with a […]
Share
Coinstats2025/09/22 23:20
Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales offload 200 million XRP leaving market uncertainty behind. XRP faces potential collapse as whales drive major price shifts. Is XRP’s future in danger after massive sell-off by whales? XRP’s price has been under intense pressure recently as whales reportedly offloaded a staggering 200 million XRP over the past two weeks. This massive sell-off has raised alarms across the cryptocurrency community, as many wonder if the market is on the brink of collapse or just undergoing a temporary correction. According to crypto analyst Ali (@ali_charts), this surge in whale activity correlates directly with the price fluctuations seen in the past few weeks. XRP experienced a sharp spike in late July and early August, but the price quickly reversed as whales began to sell their holdings in large quantities. The increased volume during this period highlights the intensity of the sell-off, leaving many traders to question the future of XRP’s value. Whales have offloaded around 200 million $XRP in the last two weeks! pic.twitter.com/MiSQPpDwZM — Ali (@ali_charts) September 17, 2025 Also Read: Shiba Inu’s Price Is at a Tipping Point: Will It Break or Crash Soon? Can XRP Recover or Is a Bigger Decline Ahead? As the market absorbs the effects of the whale offload, technical indicators suggest that XRP may be facing a period of consolidation. The Relative Strength Index (RSI), currently sitting at 53.05, signals a neutral market stance, indicating that XRP could move in either direction. This leaves traders uncertain whether the XRP will break above its current resistance levels or continue to fall as more whales sell off their holdings. Source: Tradingview Additionally, the Bollinger Bands, suggest that XRP is nearing the upper limits of its range. This often points to a potential slowdown or pullback in price, further raising concerns about the future direction of the XRP. With the price currently around $3.02, many are questioning whether XRP can regain its footing or if it will continue to decline. The Aftermath of Whale Activity: Is XRP’s Future in Danger? Despite the large sell-off, XRP is not yet showing signs of total collapse. However, the market remains fragile, and the price is likely to remain volatile in the coming days. With whales continuing to influence price movements, many investors are watching closely to see if this trend will reverse or intensify. The coming weeks will be critical for determining whether XRP can stabilize or face further declines. The combination of whale offloading and technical indicators suggest that XRP’s price is at a crossroads. Traders and investors alike are waiting for clear signals to determine if the XRP will bounce back or continue its downward trajectory. Also Read: Metaplanet’s Bold Move: $15M U.S. Subsidiary to Supercharge Bitcoin Strategy The post Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? appeared first on 36Crypto.
Share
Coinstats2025/09/17 23:42