Truebit Protocol Hit by Suspected $26 Million Ethereum Hack
Blockchain safety platform Cyvers flagged a suspicious on-chain transaction involving the Truebit Protocol, with an estimated lack of roughly $26 million.
Cyvers mentioned its real-time monitoring methods detected an anomalous switch wherein a single handle acquired round 8,535 ETH, labeled on-chain as “Truebit Protocol: Purchase.”
Based on present market costs, the transaction worth is estimated at roughly $26 million.
First Major Hack of 2026?
According to Cyvers, the exercise triggered alerts as a result of uncommon behavioral patterns and elevated danger indicators recognized by its detection fashions.
The agency described the switch as inconsistent with typical transaction flows related to the protocol.
As of publication, Truebit has not publicly disclosed any safety incident or confirmed a loss, and no official rationalization has been offered concerning the character or objective of the transaction.
It stays unclear whether or not the funds have been moved as a part of an exploit, an inside operation, or a misconfigured contract interplay.
Truebit is a blockchain protocol that focuses on verifying complicated computations with out operating them straight on-chain.
Instead of executing heavy calculations on Ethereum, Truebit permits them to be processed off-chain and later checked for correctness utilizing cryptographic and financial safeguards.
The protocol was created to assist sensible contracts deal with duties which can be too costly or technically troublesome to run on a blockchain, similar to giant information processing or superior logic.
Meanwhile, Cyvers mentioned it continues to observe the handle and associated transactions for additional motion of funds.
The agency didn’t attribute the exercise to a confirmed exploit however emphasised that the transaction met its inside standards for anomalous conduct.
This is a growing story.
The publish Truebit Protocol Hit by Suspected $26 Million Ethereum Hack appeared first on BeInCrypto.
