Truebit Suffers 8,535 ETH Hack Worth $26.36 Million Due to Legacy Contract Vulnerability
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 11 2026- Security Vulnerability Exposed: Truebit suffered a hack due to a legacy issue in its TRU purchase/minting contract, resulting in a theft of 8,535 ETH valued at $26.36 million, highlighting the risks associated with outdated contracts in decentralized finance (DeFi).
- Funds Flow Path: The stolen ETH was funneled through Tornado Cash for anonymity, sparking intense discussions on cryptocurrency regulation and underscoring the critical need for regular audits of existing smart contracts.
- Market Reaction: The incident led to a significant 63.14% drop in Ethereum (ETH) trading volume over the past 24 hours, despite a 6.26% price increase on the day, while still reflecting a 25.35% decline over the past 90 days, indicating heightened market sensitivity to security issues.
- Follow-Up Actions: The Truebit team has identified the exploited contract and advised users to avoid interaction, while collaborating with law enforcement for potential fund recovery, though no specific plans for contract security enhancements have been disclosed.
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.
