Truflation Suffers Malware Attack, Loses Millions

According to Cointelegraph, blockchain-based inflation data platform Truflation confirmed it experienced a malware attack, resulting in significant financial losses. Blockchain analysts estimate the loss to be up to $5.2 million. In a Sept. 25 post on X, Truflation reported detecting abnormal activity and identified the attack as malware-related. The team is actively monitoring the situation and taking steps to safeguard funds, collaborating with industry partners and law enforcement. Truflation is also attempting to contact the hacker and is open to negotiations, offering rewards to white hats who provide assistance. Blockchain sleuth ZachXBT revealed that approximately $5.23 million was lost from Truflation’s treasury multisignature and personal wallets on Ethereum, with an additional $100,000 lost across seven other chains. A separate assessment by blockchain security firm Cyvers estimated the loss at $4.95 million. The stolen assets include around $3.89 million in Truflation (TRUF) tokens, $1.07 million in Ether (ETH), and $236,000 in DAI stablecoin from the team’s Ethereum wallets. Truflation assured that no customer funds were compromised and that staking funds remained unaffected. Following the announcement, the TRUF token experienced a 15.6% drop to $0.068 within 90 minutes but partially recovered to $0.073. The token's market cap currently stands at $12.8 million. Truflation, launched in December 2021, is a blockchain-based financial data service providing real-time economic and inflation data. It also operates a data marketplace tracking various commodity indexes, including sugar, cocoa, coffee, cattle, petroleum, and wheat.