Truebit Exploit: $26 Million in ETH Laundered via Tornado Cash

Truebit Hacker Launders Millions

A hacker has successfully laundered 8,535 ETH, valued at approximately $26 million, through Tornado Cash following a significant breach in the Truebit Protocol. This exploit, identified as the first major DeFi hack of the year, involved exploiting an integer overflow in a legacy smart contract, allowing the hacker to mint and sell TRU tokens at negligible cost, draining liquidity and collapsing the token's value by over 99.9%.

Key Developments

• The hacker fully laundered the stolen ETH via Tornado Cash.
• Truebit is collaborating with law enforcement and conducting a protocol review post-attack.
• The incident has been linked to a previous attack on the Sparkle Protocol, indicating a sophisticated perpetrator.

Truebit's Response

In response to this breach, the Truebit team has advised users to cease interactions with the affected contract and is actively working with law enforcement agencies. A thorough protocol review is underway to explore potential recovery options.