The theft of 8,535 ETH in Truebit: when blockchain security remains the most dangerous meme

CoconutWaterBoy · 2026-01-13T09:34:33+00:00

Truebit, a protocol for on-chain computation verification, faced a security breach resulting in the theft of 8,535 ETH, worth approximately $26.36 million. The swift laundering of funds through Tornado highlights ongoing vulnerabilities in the crypto industry, emphasizing the need for rigorous security audits and resilience testing to prevent repeated incidents.

CoconutWaterBoy

2026-01-13 09:34:33

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Truebit, the protocol specialized in on-chain verification of computations, experienced a security incident that exposed its vulnerabilities. An attacker managed to extract 8,535 ETH, an amount currently valued at around $26.36 million.

The most striking aspect of the case is not just the amount stolen, but the speed at which the funds were laundered. Just four hours after the hack, the ETH was already being funneled through Tornado, the Ethereum privacy mixing service. For the crypto community, these types of incidents have become a recurring meme: hacker after hacker, the industry seems condemned to repeat the same vulnerability patterns.

The lessons we don’t learn

The attack on Truebit is not an isolated case. It highlights an uncomfortable reality: despite technological advances, blockchain platforms still present critical gaps. The immediate use of privacy services to launder stolen funds demonstrates that attackers operate with professionalism and efficiency.

The crypto community needs to understand that these incidents are not just morning news. They are reminders of why security audits, thorough testing, and resilience testing must be non-negotiable priorities. As long as the hacker meme remains part of the industry’s folklore, we will continue to see figures in dollars lost rather than lasting solutions.

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