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HomeCryptocurrencyTruebit hacker launders $26 million in ETH by way of Twister Money

Truebit hacker launders $26 million in ETH by way of Twister Money


Key Takeaways

  • The hacker behind the Truebit exploit totally laundered 8,535 ETH via Twister Money.
  • The Truebit workforce is coordinating with regulation enforcement and conducting a protocol overview following the assault.

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The Truebit hacker has laundered all 8,535 ETH stolen, valued at roughly $26 million, via Twister Money after exploiting a sensible contract vulnerability within the Truebit Protocol on January 8, in keeping with knowledge tracked by Lookonchain.

The exploit marks the 12 months’s first main DeFi breach. The attacker abused an integer overflow in a legacy sensible contract to mint hundreds of thousands of TRU tokens at near-zero value, then bought them again into the protocol to empty its liquidity.

The assault crashed TRU by greater than 99.9%, wiping out investor worth.

Blockchain safety companies later linked the pockets to a previous Sparkle Protocol hack, suggesting a extremely subtle actor.

In response, the Truebit workforce urged customers to halt interactions with the compromised contract, engaged regulation enforcement, and launched a complete overview to evaluate potential restoration choices.





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