Truebit’s TRU collapsed roughly 99%, falling from $0.16 to $0.0000000029 after the protocol disclosed a security breach and on-chain analysts traced the stolen Ether. The exploit is reported at about $26 million, leaving the token effectively worthless.
Blockchain security firm Cyvers flagged a suspicious on-chain transaction that appears to have targeted the Truebit Protocol, estimating losses near $26 million. The incident was reported on Jan. 8, 2026 and is under investigation.