Truebit Protocol Hacked, Resulting in $26.44 Million Loss
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Hacking Incident: The Truebit Protocol was hacked on Thursday, with an anonymous wallet receiving approximately 8,535 ETH, resulting in an estimated loss of $26.44 million, highlighting vulnerabilities in blockchain security.
- Security Monitoring Alerts: Blockchain security platform Cyvers flagged the suspicious transaction through its real-time monitoring systems, indicating that the transfer was inconsistent with typical Truebit transactions, further emphasizing the severity of the security breach.
- Market Reaction: The incident caused a 100% drop in TRU's price, now trading at $0.072, reflecting the market's heightened sensitivity to security events and a sharp decline in investor confidence.
- Crypto Crime Trends: In 2025, total losses from crypto crime exceeded $3.4 billion, with Chainalysis reporting a 162% year-over-year increase in transactions involving illegal digital asset addresses, indicating an increasingly severe security landscape in the crypto space.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
