Truebit Suffers $26.5M Loss in First Major DeFi Hack of 2026

Truebit Protocol has suffered a serious safety breach ensuing in the loss of roughly $26.5 million in ETH.

The incident has additionally triggered a collapse in the worth of its native token, TRU, which plummeted by practically 100% inside hours.

Smart Contract Breach

Blockchain safety agency PeckshieldAlert flagged the incident by way of X, stating that Truebit had fallen sufferer to an exploit that drained over 8,500 ETH, price roughly $26.5 million, from one of its sensible contracts.

On-chain information shows that the attacker took benefit of a vulnerability in the sensible contract’s pricing logic, which allowed them to mint TRU tokens for free of charge. The hacker then repeatedly minted and offered the tokens again into the protocol’s bonding curve, draining its ETH reserves via a speedy buy-sell cycle. The stolen funds have since been transferred to 2 addresses, 0x2735…cE850a and 0xD12f…031a6.

The exploit had an instantaneous affect on the TRU token, inflicting its worth to drop virtually 100% inside hours and leaving it nugatory on most exchanges.

At the time of writing, the DeFi platform has confirmed that it’s conscious of the safety risk whereas additionally advising customers to keep away from interacting with the affected sensible contract. The staff has not but launched a full autopsy, however acknowledged that it’s in contact with regulation enforcement and is taking all vital measures to deal with the problem.

Truebit Breach Linked to Sparkle Attack

Interestingly, PeckShield has recognized the Truebit hacker as the identical particular person chargeable for the Sparkle assault that occurred practically two weeks in the past. In that episode, the wrongdoer equally exploited a flaw in the venture’s sensible contract to mint tokens at an artificially diminished price, which was then swapped for roughly 5 ETH. The stolen funds had been later routed via Tornado Cash, a privateness protocol generally used to cover transaction trails.

Overall, crypto-related hacks reached a file high in 2025, with greater than $2.72 billion stolen, based on TRM Labs. The 12 months started on a tough observe in February, when North Korean hackers stole $1.5 billion from centralized change Bybit, the most important crypto exploit recorded to this point.

That incident set the tempo for the remainder of the 12 months, as TRM Labs reported an increase in extra organized {and professional} hacking exercise throughout the sector. However, the development eased towards the top of the 12 months, with a current report showing that such losses dropped by greater than 60% in December in comparison with figures recorded in November.

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