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Rizwan Ansari
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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Jan 09, 2026 05:45 UTC
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Truebit Protocol Suffered a $26.5 million Hack as the TRU Token Crashed 100%
Truebit Protocol exploit drains $26.5 million, triggering total TRU token price collapse overnight globally.
PeckShield detects abnormal Ethereum transfers as attacker siphons 8,500 ETH from protocol funds quickly.
TRU liquidity vanished on exchanges as investor trust collapsed as after token drop 100%. .
Truebit Protocol, a blockchain project focused on verified computing, has suffered a major security breach that led to losses of around $26.5 million. The exploit caused the TRU token to crash to near zero, shaking investor confidence.
Here’s how the attack happened and what steps Truebit has taken since then.
Truebit Protocol Suffered a $26.5 million Hack
According to blockchain security firm PeckShield, the exploit was detected after suspicious transactions were recorded on the Ethereum network. The attacker successfully drained nearly 8,500 ETH from the Truebit protocol, valued at approximately $26.5 million at the time of the attack.
On-chain data shows that the stolen funds were later split and transferred to two separate wallet addresses 0x2735…cE850a & 0xD12f…031a60.
However, the attackers commonly use this method to reduce tracking risk and complicate recovery efforts.
PeckShield report shows that the exploit appears to have targeted a weakness in the protocol’s contract structure, although a full technical breakdown is still pending.
TRU Token Price Crashes 100% After Exploit
Following the hack, the impact on the Truebit native token TRU was immediate and severe. The token dropped nearly 100% in value from a daily high of $0.1659 to a low of $0.000000018, effectively wiping out its market cap to nearly zero.
On top of it, liquidity on decentralized exchanges dried up quickly, leaving many holders unable to sell.
This sharp collapse highlights how closely token prices are tied to protocol security. Once trust is broken, even temporarily, investor confidence can disappear within minutes.
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Truebit Issues Official Statement After Hack
Following the incident, the Truebit protocol released an official statement acknowledging the security breach. The team confirmed that a specific smart contract had been affected and urged users not to interact with the contract until further notice.
Truebit stated that it is working closely with law enforcement and taking all possible steps to contain the damage.
The team also assured users that updates will be shared only through official communication channels as more details become available.
Same Exploiter Linked to Previous Sparkle Attack
PeckShield also noted that the wallet involved in the Truebit hack was linked to a previous attack on the Sparkle protocol around 12 days earlier. In that incident, the attacker obtained tokens and later moved funds through Tornado Cash, a privacy tool often used to hide transaction trails.
This repeated pattern suggests the attacker is experienced and actively scanning for vulnerable projects, increasing concern across the DeFi space.
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FAQs
The Truebit Protocol suffered a $26.5 million security breach, where an attacker drained approximately 8,500 ETH by exploiting a smart contract vulnerability, causing its TRU token to collapse nearly 100%.
Approximately 8,500 ETH, worth around $26.5 million at the time of the attack, was stolen from Truebit. The stolen funds were split and moved to separate wallets to complicate recovery efforts.
Truebit acknowledged the breach, warned users not to interact with affected contracts, and is working with law enforcement. Official updates are being shared through their verified channels only.
Truebit has advised users not to interact with the affected contract while investigations continue and security measures are being reviewed.
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