According to BlockBeats, on September 26, The Block reported that ZachXBT said that the crypto project Truflation supported by Coinbase Ventures was hacked and lost about 5 million US dollars. The funds were stolen from its “multi-signature fund library and personal wallet.”

Truflation later posted on the X platform that it had detected “unusual activity” and confirmed that it had been attacked by malware. The project said it was monitoring the situation and taking steps to protect funds while working with law enforcement to investigate. In addition, Truflation also announced that staking operations are currently not possible and liquidity on decentralized exchanges is limited.

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