Truebit (TRU) Slips 99.95% as Cyvers Flags $26M ETH Drain
Cyvers Alerts flagged a suspected Truebit incident on January 8, after its monitoring detected a suspicious transaction with an estimated lack of $26 million. TRU’s on-chain pricing printed a -99.95% one-day transfer on at the very least one token tracker, a stage that sometimes signifies DEX liquidity collapse or a damaged value feed quite than orderly promoting stress.
ALERTHey @Truebitprotocol Our system has detected suspicious transaction with estimated lack of 26M!
An deal with received round 8,535 $ETH from “Truebit Protocol: Purchase”
More data will observe!
If you want to safeguard your self in opposition to such incident, please contact us to… pic.twitter.com/2AKvu1INyr— Cyvers Alerts
(@CyversAlerts) January 8, 2026
Onchain Details
The label “Truebit Protocol: Purchase” maps to 0x764C64b2A09b09Acb100B80d8c505Aa6a0302EF2 on Ethereum, which Etherscan tags as a Truebit contract deal with. Cyvers’ estimate facilities on 8,535 ETH (about $26M at ~$3.1k/ETH), and the open query for desks is whether or not that ETH represents treasury funds, a mispriced “buy” path, or a compromised scorching pockets related to Truebit’s TRU gross sales circulation referenced in mission docs (“All gross sales transact in ETH”).
CoinGecko data showed TRU buying and selling at $0.1611 (+4.1% in 24h) earlier than crashing to $0.00007923.
Truebit lists the TRU token contract at 0xf65B5C5104c4faFD4b709d9D60a185eAE063276c, which issues as a result of confusion between “Truebit (TRU)” and “TrueFi (TRU)” has repeatedly polluted execution and danger programs on desks that depend on symbol-only mappings.
Trading Desk Read
For a desk, the tradable sign is just not “TRU down 99.95%”. The sign is {that a} labeled buy contract (a circulation that may contact treasury ETH, payment rails, or sale mechanics) sits on the middle of a suspected 8,535 ETH loss, which will increase counterparty danger for any venue nonetheless quoting TRU and raises operational danger for any technique that keys off ticker symbols alone (TRU has a protracted historical past of image collision with TrueFi).
Expect market makers to widen or pull quotes till the precise drain path (treasury vs. person circulation vs. labeling error) will get pinned to a selected transaction path and a Truebit-controlled signer set.
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