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Truflation hacked for around $5 million

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Original URL: https://web3isgoinggreat.com/single/truflation-hack

Two curved shapes resembling a t, followed by "Truflation" in blue

The Truflation platform suffered a loss of around $5 million after what they described as "an attack using malware". The company acknowledged the attack and limited some of their services while they worked to mitigate it. They also offered a reward to "any white hats offering assistance", and offered to negotiate a "bug bounty" with the attacker.

Truflation is a blockchain-based project that provides economic data including inflation rates and asset valuations. The platform has been backed by Coinbase Ventures, Chainlink, and others.

Posted on:2024-09-26 13:34:39

Still in Beta stage. Source on GitHub.