ZachXBT Says TeleSwap Lost About $735,000 in July 15 Exploit

Onchain investigator ZachXBT said cross-chain protocol TeleSwap suffered an exploit of about $735,000 on July 15, after which its Bitcoin hot wallet stopped processing transactions. According to Foresight News, the project had not made any public disclosure about the incident as of five days later. ZachXBT said the attacker moved the stolen funds to Tornado Cash about two hours ago and also published a suspected address linked to the case along with TeleSwap's Bitcoin hot wallet address.