The Truebit protocol has reported a significant security issue involving potentially malicious actors, indicating a loss of over $26 million worth of Ether.

In a recent post on X, Truebit announced its cooperation with law enforcement and stated that they are “taking all available measures” following the breach. Crypto analysts indicated that the exploit led to the theft of 8,535 Ether (ETH), approximately valued at $26.6 million at the time of the incident.

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The specific smart contract linked to the breach showed only minimal amounts of stolen ETH. However, analyses from Lookonchain and others confirmed a total theft exceeding $26 million.

The motivations behind this multimillion-dollar exploit remain unclear, and it is unknown whether user funds were at risk. Cointelegraph sought a statement from Truebit, but no response was received at publication time.

Almost immediately after the news emerged, Truebit’s token (TRU) value saw a startling plunge, declining over 99% to as low as $0.0000000029 from $0.16 during the current reporting.

Truebit Hack Linked to Major 2025 Exploits

In December, several high-stakes hacks occurred, resulting in staggering losses in digital assets. For instance, the Flow Foundation disclosed that on December 27, an attacker managed to counterfeit tokens, culminating in losses around $3.9 million. Furthermore, hackers targeted Trust Wallet’s Chrome extension, exploiting a harmful update to pilfer $7 million.

Despite these incidents, blockchain analytics platform PeckShield reported that the cumulative losses in the crypto sector dropped to $76 million in December, down from $194 million in November.