TRU Price Crash: Token Loses All Value Post $26M Truebit Hack
Ethereum-based infrastructure project Truebit’s native token TRU collapsed nearly 100% after a smart contract exploit drained over $26.4 million from the protocol. The attack started with a suspicious on-chain transaction and quickly resulted in a full liquidity drain.
Notably, the attacker exploited a math error in Truebit’s minting contract, which incorrectly priced TRU close to zero. The bug allowed the attacker to mint massive amounts of TRU tokens at almost zero cost.
The attacker then sold them back into the pool. Each cycle pulled more ETH ETH $3 094 24h volatility: 0.7% Market cap: $373.45 B Vol. 24h: $21.40 B out of the protocol. On-chain data shows the attacker also paid a small builder bribe to ensure a fast transaction and prevent intervention.
Security researcher Weilin Li independently confirmed that the exploit was based on a five-year-old smart contract flaw. No private keys were compromised and the system failed purely due to faulty math.
$26.4M Drained in ETH
As per the on-chain data, the hacker divided 8,535 ETH in stolen funds across two wallets. One received around 4,267 ETH, while another collected around 4,001 ETH.
Once liquidity was removed, TRU’s market structure collapsed instantly. Before the exploit, TRU was trading near $0.16. However, it crashed more than 99% to around $0.00 after the case.
At the time of writing, TRU is trading around $0.034. The altcoin currently has nearly all market capitalization erased, according to CoinMarketCap data.
Truebit Team Responds
Truebit acknowledged the incident on X and stated that it is working with law enforcement to handle the situation. At the time of writing, no recovery plan or reimbursement details have been confirmed.
The incident marks the first major crypto hack of 2026, following a year that saw several DeFi exploits. In 2025, protocols like Balancer suffered major losses due to smart contract vulnerabilities.
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