Truebit suffered a roughly $26 million exploit on Thursday, Jan. 8, marking the first major crypto hack of 2026, as experts warn that projects hit by major breaches often never fully recover their value.
Blockchain security firms CertiK and PeckShield confirmed the attacker drained about 8,500 Ether (ETH), worth roughly $26.4 million, from a smart contract linked to the blockchain verification protocol. PeckShield said the stolen funds were sent to two wallet addresses and linked the same attacker to a smaller exploit involving Sparkle about 12 days earlier.
Truebit’s TRU token collapsed following the breach, falling 100% in 24 hours, according to CoinGecko. The token’s plunge wiped out almost all of its market value as CoinGecko flagged the project with an exploit warning.
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