PANews reported on January 9th that, according to The Block , Truebit, an Ethereum-based verification protocol, suffered a smart contract vulnerability attack, PANews reported on January 9th that, according to The Block , Truebit, an Ethereum-based verification protocol, suffered a smart contract vulnerability attack,
Truebit suffered an attack that resulted in the loss of over 8,500 ETH, after which its TRU token plummeted by 99.9%.
PANews reported on January 9th that, according to The Block , Truebit, an Ethereum-based verification protocol, suffered a smart contract vulnerability attack, resulting in the theft of approximately 8,535 ETH (about $26.6 million) . The vulnerability stemmed from a minting pricing error in an old contract deployed five years ago, allowing attackers to profit by purchasing a large number of TRU tokens at an extremely low price. The incident caused the price of TRU to plummet by 99.9%, from $0.16 to $0.000077. Truebit has contacted law enforcement and is taking appropriate action.
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