CoinDesk••1 min read
Truebit (TRU) Token Plunges After $26.6M Ether Exploit
The Truebit (TRU) token experienced a significant crash, plummeting 99.9% following a reported exploit. According to reports, a hacker drained $26.6 million in ether by exploiting a vulnerability in an older smart contract. The attacker was able to purchase TRU at no cost and then sell it back to extract ether. The development highlights the risks associated with smart contract vulnerabilities and their potential impact on cryptocurrency values.
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