On the evening of September 25, the Coinbase Ventures-backed decentralized exchange Truflation was hacked and lost about $5 million across various networks.
On September 25th, 2024, the Truflation team detected some abnormal activity. An attacker launched an attack using malware.
We are currently monitoring the situation and are taking measures to protect funds while we are investigating and working with law enforcement. The…
— Truflation (@truflation) September 25, 2024
By data online detective ZachXBT, the attackers stole funds from treasury mulsig wallets and user accounts: about $3.89 million in TRUF, $1.07 million in ETH and $236,000 in DAI.
The Truflatation team confirmed “anomalous activity” and reported a malware attack. She also urged customers to be vigilant due to the presence of active fraudulent accounts on the platform.
During the investigation, the exchange disabled staking capabilities and limited liquidity.
On September 26, Truflatation offered the hacker a $500,000 reward for returning the funds. The corresponding message was posted on the blockchain.
If the hacker does not contact the exchange administration by September 28, the platform will increase the reward for the public to catch him.
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Source: Cryptocurrency
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