Data leak [loss] $5M+

"Coinbase-backed Truflation confirms hack, losses estimated to be $5M"

2024-09-26 [vendor] Truflation
Primary Source ↗
Financial Loss $5.0M (5,000,000 USD)

Incident Details

The Truflation platform suffered a loss of around $5 million after what they described as “an attack using malware”. The company acknowledged the attack and limited some of their services while they worked to mitigate it. They also offered a reward to “any white hats offering assistance”, and offered to negotiate a “bug bounty” with the attacker.Truflation is a blockchain-based project that provides economic data including inflation rates and asset valuations. The platform has been backed by Coinbase Ventures, Chainlink, and others.

Total loss estimated at $5,000,000.

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
Truflation

Timeline

  1. 2024-09-26 Breach occurred
  2. 2024-09-26 Publicly disclosed