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Truebit Protocol Hit by Suspected $26 Million Ethereum Hack

BeInCrypto
Blockchain security platform Cyvers flagged a suspicious $26 million transfer of 8,535 ETH from the Truebit Protocol.

Summary

Blockchain security platform Cyvers alerted the community to a suspicious on-chain transaction involving the Truebit Protocol, where an address received approximately 8,535 ETH, valued then at around $26 million. Cyvers' monitoring systems flagged the transfer, labeled "Truebit Protocol: Purchase," due to behavioral patterns inconsistent with the protocol's typical transaction flows. As of the report, Truebit had not publicly confirmed any security incident or loss, leaving it unclear if the movement resulted from an exploit, an internal operation, or a contract misconfiguration. Truebit is a protocol designed to verify complex off-chain computations using cryptographic and economic safeguards to reduce on-chain execution costs.

(Source:BeInCrypto)