Truflation Offers Hacker $500,000 for Return of Stolen Funds

On the evening of September 25, the decentralized exchange Truflation, backed by Coinbase Ventures, was hacked, resulting in a loss of approximately $5 million across various networks.

On September 25th, 2024, the Truflation team detected some abnormal activity. An attacker launched an attack using malware.

We are currently monitoring the situation and are taking measures to protect funds while we are investigating and working with law enforcement. The…

— Truflation (@truflation) September 25, 2024

According to on-chain detective ZachXBT, the attackers stole funds from treasury multisig wallets and user accounts: approximately $3.89 million in TRUF, $1.07 million in ETH, and $236,000 in DAI.

The Truflation team confirmed the “abnormal activity” and reported an attack using malware. They also urged clients to remain vigilant due to the presence of active fraudulent accounts on the platform.

During the investigation, the exchange disabled staking and restricted liquidity.

“We are currently monitoring the situation and taking measures to protect funds,” the team noted.

On September 26, Truflation offered the hacker a reward of $500,000 for the return of the funds. The corresponding message was posted on the blockchain.

If the hacker does not contact the exchange administration by September 28, the platform will increase the reward for the public to aid in their capture.

Earlier, the team behind the trading Telegram bot Banana Gun announced their intention to compensate affected users $3 million, stolen in a hack on September 19.