Data leak
[loss] $5M+
"Coinbase-backed Truflation confirms hack, losses estimated to be $5M"
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
- 2024-09-26 Breach occurred
- 2024-09-26 Publicly disclosed