Cryptocurrencies

    Telcoin (TEL) plummets 37% after $1.3 million breach

    Article Image

    Telcoin, a decentralised finance (DeFi) platform, suffered a $1.3 million exploit due to problems with its wallet's proxy implementation on Polygon.

    The security incident led to a 37% decrease in the price of Telcoin's native cryptocurrency, TEL.

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa