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Truebit Token TRU Drops to Zero in Recent Hack
Summary: Truebit, an Ethereum-based verification and computation protocol, suffered a security vulnerability on Thursday, resulting in a loss of approximately 8,535 ETH (equivalent to $26.6 million). The vulnerability allowed attackers to purchase the protocol's native token TRU at a very low price. According to CoinGecko data, following the attack, the price of Truebit's TRU token plummeted ...
Truebit, an Ethereum-based verification and computation protocol, suffered a security vulnerability on Thursday, resulting in a loss of approximately 8,535 ETH (equivalent to $26.6 million). The vulnerability allowed attackers to purchase the protocol's native token TRU at a very low price. According to CoinGecko data, following the attack, the price of Truebit's TRU token plummeted by 100%, dropping from around $0.16 to $0.0000000007191, rendering its market value incalculable.
