Truebit Token Price Plummets 99% Following $26 Million Exploit Report

Truebit Token Price Hit by Security Incident

The price of the TRU token has dropped by 99%, plunging to $0.0000000029 from $0.16, after the protocol reported a security incident involving a loss of $26 million in Ether. In a post on X, Truebit stated that it is in contact with authorities and that they are "taking all available measures" in response to this security breach.

Cryptocurrency investigators have discovered that the exploit resulted in the theft of 8,535 Ether (ETH), amounting to approximately $26.6 million at the time of this report. Despite the affected smart contract address showing only small amounts of stolen ETH, analysis conducted by Lookonchain indicated that the total cryptocurrency stolen in the attack exceeded $26 million.

The cause of this multimillion-dollar exploit remains unclear, as does whether user funds were at risk. Cointelegraph attempted to obtain a comment from Truebit regarding the incident but had not received a response by the time of publication.

Following reports of the exploit, the price of the Truebit token (TRU) experienced a dramatic drop, reaching an all-time low. According to data from Nansen, the TRU price decreased by over 99%, descending from approximately $0.16 at the time of writing.

This security breach comes after a series of major attacks in 2025, some leading to thefts worth millions of dollars. The Flow Foundation reported that an attacker managed to counterfeit tokens on the network, causing losses of approximately $3.9 million. Hackers also targeted the Chrome extension of Trust Wallet, using a malicious update to steal $7 million.

Despite these incidents, blockchain analytics platform PeckShield reported on January 1 that total losses in the crypto industry due to exploits and attacks dropped to $76 million in December, down from $194 million in November.