Coinbase Ventures-backed Truflation hacked for about $5 million, says ZachXBT

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The Block2024/09/24 16:00

By:The Block

Quick Take Blockchain sleuth ZachXBT said Truflation was hacked for about $5 million from “treasury multisig and personal wallets.” Truflation said both it detected “abnormal activity” and that it had suffered a malware attack.

Coinbase Ventures-backed crypto project Truflation was hacked for about $5 million from "treasury multisig and personal wallets," according to the noted blockchain sleuth ZachXBT.

"The project Truflation was hacked a few hours ago for $5M+ on multiple chains from the treasury multisig and personal wallets," ZachXBT posted to their Telegram channel.

Around the same time, Truflation said in a post to X that it had "detected some abnormal activity" and that it had suffered malware attack. "We are currently monitoring the situation and are taking measures to protect funds while we are investigating and working with law enforcement," the project said.

"Staking is unavailable at this time and there is limited liquidity on DEXs," Truflation also said.

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