Coinbase-backed Truflation confirms hack, losses estimated to be $5M
Here are the developments of the crypto world from the past few days
Coinbase-backed Truflation confirms hack, losses estimated to be $5M
Truflation, a blockchain-based inflation data platform has confirmed that it suffered a malware attack, with blockchain analysts estimating the loss of up to $5.2 million.
Truflation added that it was monitoring the incident and is taking measures to protect funds while working with “leading industry partners” and law enforcement.
The project is trying to contact the hacker and is open to negotiating. It added that it would reward white hats offering assistance.
About $5.23 million was lost from Truflation’s treasury multi-signature and personal wallets on Ethereum, while around $100,000 was lost on seven other chains, according to blockchain sleuth ZachXBT.
In a request to its validators, The Open Network (TON) blockchain is asking the said to prepare for the inclusion of millions of users from the Web3 game Hamster Kombat, anticipating a surge in system demand.
A telegram channel dedicated to TON validators, developers and integrators also warned about an upcoming increase in bandwidth demand for its blockchain.
TON validators, according to the announcement were asked to ensure high availability as Hamster Kombat users begin to mint Hamster Kombat coins (HMSTR) on the blockchain.
To ensure real-time support between Sept. 26 and 29, all TON validators have been advised to join the ‘TON Status’ Telegram channel.
In Switzerland, Taurus and Aktionariat have partnered to facilitate the trading of tokenized shares from small- and medium-sized enterprises (SMEs) on the Taurus Digital Exchange (TDX).
This will allow companies to convert their shares into blockchain-based tokens on the Ethereum network.
In a Q&A with Cointelegraph, Victor Busson, chief marketing officer at Taurus, explained that tokenized shares “offer the same economic and social rights” as traditional shares.