Truflation loses $5.2 million in malware attack
The losses were traced from the project’s treasury and personal wallets on Ethereum, extending to seven other blockchains.
Truflation, a blockchain-based inflation data platform, has confirmed falling victim to a malware attack. The project reported detecting abnormal activity on 25 September, which led to an estimated loss of up to $5.2 million. Blockchain analysts have tracked the losses from Truflation’s treasury and personal wallets on Ethereum, with additional losses spread across seven other blockchains.
The team is now working with law enforcement and industry partners to resolve the issue. They have also reached out to the hacker, seeking negotiation, while offering rewards to white-hat hackers who can assist. Despite the breach, Truflation has reassured its customers that their funds and staking operations remain secure.
Truflation’s token, TRUF, fell by 15.6% following the incident, though it has since partly recovered. Truflation provides real-time economic data and recently launched a marketplace that tracks commodity indexes such as sugar, petroleum, and wheat.