Truflation Confirms Losing $5.2 million to Hackers.
Truflation, a blockchain-based platform known for offering real-time economic data, suffered a malware attack that resulted in losses estimated between $4.95 million and $5.2 million. On September 25, the team announced through X (formerly Twitter) that they had identified suspicious activity related to the breach.
The attackers reportedly stole around $3.89 million worth of Truflation’s native token (TRUF), $1.07 million in Ether (ETH), and $236,000 in a stablecoin from the project’s Ethereum wallets. However, the platform confirmed that no customer funds were compromised, and the staking funds remain safe.
Truflation, backed by high-profile investors like Coinbase Ventures and Chainlink, is actively collaborating with industry specialists and law enforcement to secure their remaining assets and investigate the attack. The team has also reached out to the hacker, showing a willingness to negotiate, and even offered rewards to white-hat hackers who assist in recovering the stolen assets.
In the wake of the incident, TRUF token prices dropped 15.6% to $0.068, but later rebounded to $0.073. The token currently holds a market cap of $12.8 million.
Founded in December 2021, Truflation provides inflation and economic data while operating a commodity-tracking data marketplace. Following this attack, the platform remains focused on enhancing security and maintaining transparency in its operations, demonstrating their commitment to navigating the incident responsibly.
