Coinbase Ventures-Backed Truflation Hacked for $5 Million in Major Breach

Sep 25, 2024, 08:56 PM

On September 25, 2024, Truflation experienced a significant security breach. An attacker launched an attack using malware, resulting in the theft of approximately $5 million. The compromised address lost around 56,872,500 $TRUF, worth about $4.6 million. Truflation is currently monitoring the situation, taking measures to protect funds, and working with law enforcement to investigate the incident. The breach was detected by various security systems, including CyversAlerts. Truflation is backed by Coinbase Ventures. The hack was reported by ZachXBT.