Truebit token collapses after reported $26M Ether exploit

The Truebit protocol reported a security incident involving malicious actors after blockchain analysts flagged a possible $26 million exploit.

Crypto investigators said the attack led to the removal of around 8,535 ether, valued at roughly $26.6 million at the time.

Truebit said it was working with law enforcement and “taking all available measures” following the incident.

The protocol said the affected smart contract address showed only small balances, but independent analysis suggested far larger losses.

The cause of the exploit and whether user funds were impacted have not yet been confirmed.

Truebit did not respond to requests for comment at the time of publication.

Following reports of the breach, the Truebit token plunged more than 99% to a new all-time low.

Market data showed the TRU token fell to about $0.0000000029 from roughly $0.16.

The incident adds to a series of major crypto exploits reported in late 2025.

Industry data showed total losses from hacks declined in December despite several high-profile attacks.

At the time of reporting, Truebit Protocol price was $0.097192.