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Truebit token crashes 99.9% after hacker drains $26.6 million in ether
Source: CryptoNewsNet Original Title: Truebit token crashes 99.9% after hacker drains $26.6 million in ether Original Link: Truebit’s TRU token cratered nearly 100% on Thursday after an exploit drained about 8,535 ether, worth roughly $26.6 million, from the protocol’s reserves, according to onchain data and independent researchers.
Truebit, an Ethereum-based verification and computation project, said it was “aware of a security incident involving one or more malicious actors,” adding that it is in contact with law enforcement and is taking steps to address the situation.
The affected smart contract is 0x764C64b2A09b09Acb100B80d8c505Aa6a0302EF2 and the project strongly advises the public not to interact with this contract until further notice.