Coinbase-backed Truflation has been compromised, with $4.6m stolen

Truflation, a financial data provider, issued an urgent alert following the detection of a suspicious transaction earlier today involving their platform.

According to the company, a hacker launched an attack using malware. Blockchain security platform, Cyver Alerts said Truflation’s safe address was compromised, leading to a total loss of approximately 56,872,500 $TRUF, valued at around $4.6 million.

The Truflation team, law enforcement, and industry collaborators are investigating the situation to determine what exactly happened in the breach incident. For the time being, staking services are not available. Additionally, users might experience limited liquidity while using decentralized exchanges (DEX).

This is a developing story