Truebit exploit exposes smart-contract flaw behind $26M token mint
Truebit lost $26 million after a smart-contract overflow bug let an attacker mint tokens at near-zero cost, sending the TRU price down 99%.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Truebit lost $26 million after a smart-contract overflow bug let an attacker mint tokens at near-zero cost, sending the TRU price down 99%.
Why this matters
This maps to the Security Incidents hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.
Original source
Read on CointelegraphRelated market context
S&P brings ratings-style scrutiny to $10 billion crypto vault market as $6 million Base incident exposes risks
S&P Global is bringing ratings-style risk assessments to crypto lending vaults as the fast-growing market confronts fresh security...
Crypto trader Frogman hacked for over $4 million during TOKEN2049
The incident underscores the persistent security vulnerabilities in crypto trading, highlighting the need for enhanced protective...
Robinhood adds $25 million of Bitcoin to its own balance sheet
Robinhood is adding $25 million of Bitcoin to its balance sheet after executives previously debated whether corporate crypto holdi...
Why Abstract is killing its Ethereum L2 instead of launching a token to save it
Abstract will shut down on Dec. 15 despite onboarding more than 400,000 users, hosting 144 apps, and landing brands including Disn...
Cardano’s Programmable Token Standard Goes Live With Built-In KYC and Freeze Controls
The Cardano Foundation announced on Wednesday at TOKEN2049 that CIP-0113, Cardano’s programmable token standard, is live on Cardan...
Why is Crypto Down? Bitcoin Lost $2,000 in A Flash Crash
Why is crypto down today, or should we say just now? Bitcoin fell below $84,000 after failing to sustain an advance toward the $87...