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The company is ready to negotiate with hackers and offers a reward.
The Truflation blockchain platform, which provides various financial data, confirmed the fact of a hacker attack, as a result of which about $5 million was stolen. The incident took place on September 25, 2024, when the platform detected "some anomalous activity."
Anonymous blockchain researcher ZachXBT estimates that about $5 million worth of crypto assets were stolen from the project's treasury and personal wallets. Cybersecurity company Cyver estimated the total loss at approximately 57 million TRUF tokens, which was $4.6 million at the time of the attack. The CEO of the platform said that other tokens were also stolen.
As a result of the incident, the TRUF rate fell by 10% in one day. Despite this, Truflation states that customer funds have not been affected, and users are not at risk. The company has set aside $1 million as a compensation fund for possible affected users.
The platform offers an unspecified reward to "white hat hackers" who can assist in investigations or recoveries. The Truflation team also said that "efforts are being made to establish contact with the attacker" and remains open to negotiations. The company is also collaborating with unnamed "industry partners" to mitigate the incident and ensure the security of the platform.
Truflation CEO Stefan Rust revealed that the malware was likely injected in Singapore during the Token2049 conference. He admitted that his personal account had been hacked and warned that scammers were trying to take advantage of the situation by asking Truflation users to transfer TRUF tokens to fake accounts.
Rust advised caution at conferences, especially when using NFC, scanning QR codes, downloading apps, and connecting to public Wi-Fi, even when using a VPN.
Source
The Truflation blockchain platform, which provides various financial data, confirmed the fact of a hacker attack, as a result of which about $5 million was stolen. The incident took place on September 25, 2024, when the platform detected "some anomalous activity."
Anonymous blockchain researcher ZachXBT estimates that about $5 million worth of crypto assets were stolen from the project's treasury and personal wallets. Cybersecurity company Cyver estimated the total loss at approximately 57 million TRUF tokens, which was $4.6 million at the time of the attack. The CEO of the platform said that other tokens were also stolen.
As a result of the incident, the TRUF rate fell by 10% in one day. Despite this, Truflation states that customer funds have not been affected, and users are not at risk. The company has set aside $1 million as a compensation fund for possible affected users.
The platform offers an unspecified reward to "white hat hackers" who can assist in investigations or recoveries. The Truflation team also said that "efforts are being made to establish contact with the attacker" and remains open to negotiations. The company is also collaborating with unnamed "industry partners" to mitigate the incident and ensure the security of the platform.
Truflation CEO Stefan Rust revealed that the malware was likely injected in Singapore during the Token2049 conference. He admitted that his personal account had been hacked and warned that scammers were trying to take advantage of the situation by asking Truflation users to transfer TRUF tokens to fake accounts.
Rust advised caution at conferences, especially when using NFC, scanning QR codes, downloading apps, and connecting to public Wi-Fi, even when using a VPN.
Source
