Truebit Suffers $26.5M DeFi Hack, TRU Token Value Plummets
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Security Flaw Exposed: Truebit Protocol suffered a hack due to a flaw in its pricing logic, resulting in a $26.5 million loss in Ethereum, highlighting vulnerabilities in DeFi protocols that could undermine market confidence.
- TRU Token Collapse: The exploit allowed the attacker to mint large quantities of TRU tokens for nearly free, causing its value to plummet from $0.16 to effectively zero within hours, leading to significant losses for holders and impacting market liquidity.
- Liquidity Crisis: The protocol's Ethereum reserves were severely drained, resulting in a temporary liquidity crisis at Truebit-related exchanges, further exacerbating market instability.
- Increased Regulatory Scrutiny: This incident may prompt regulators to intensify scrutiny on DeFi protocols, particularly focusing on the security of legacy contracts and implementing real-time monitoring to prevent future occurrences.
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.








