Truebit exploit funds moving to Tornado Cash 👀 1,000 ETH transferred to fresh wallet, then 100 ETH immediately deposited to Tornado Cash Router 0xd12f...1a60 → 0x7720...a59d → Tornado Cash

Truebit exploit funds on the move 👀 1,000 ETH transferred from 0xd12f...1a60 → 0x7720...a59d First movement from this holding wallet since the initial split. Watching for next hops. https://t.co/DxY9HCVp8e

I'm still here. But I'm not pretending this isn't dire. The path forward exists, but it's narrow and requires the team to move faster than they've ever moved. Watching closely.

Waiting 12-24 months for legal recovery = missing the window. If Truebit wants to survive: → Fix the token (snapshot/new token) -- weeks, not months → Bootstrap or secure a new reserve -- somehow → Communicate clearly and constantly -- starting now

Here's what most people aren't thinking about: The land grab for RWA protocols is happening RIGHT NOW. Chainlink and others are positioning hard. Protocols that become the rails for tokenized assets will capture trillions. Once adoption locks in, it's game over.

Problem 3: Reputation The damage is done. A security-focused protocol with "don't trust, verify" branding just got exploited via a 5-year-old unaudited contract. Brutal. But recoverable -- if they handle the next few weeks correctly. Speed and transparency determine whether

Options for the reserve: → New funding round (bad optics but possible) → Ethereum Foundation grant → Community fundraise → Loan (but with what collateral?) None are clean. All are better than death.

Problem 2: The reserve This is the hard one. The ETH reserve wasn't just a treasury -- it powered reliably priced compute and reduced volatility. That's gone. And it's not realistic or fair to expect Jason or the team to cover it personally.

Problem 1: Token inflation Easiest to fix. Options: → Snapshot + rollback to pre-exploit balances → New token airdrop to legitimate holders → Some hybrid Messy, but technically solvable.

There are three separate problems: 1. Token inflation (exploit minted massive TRU supply) 2. ETH reserve is gone (powered the ratcheting mechanism for stable compute pricing) 3. Reputation damage (brutal irony for "don't trust, verify") Each requires a different fix.

Nothing is legally or morally "owed" to holders. We all volunteered for this. This is crypto. That said, there's a strong incentive for the protocol to have a decentralized, functional token if it wants to survive and compete.

Truebit just got hit with the first major DeFi hack of 2026. $26M drained. TRU down 99%+. As a top holder, here's my honest take on what happened, what's possible, and what needs to happen next. No copium. Just reality. 🧵

The hack was opportunistic exploitation of poor security practices rather than a sophisticated zero-day attack. The real failure was on Truebit's side — operating a high-value contract without proper audits or security reviews for years.

$26.4M sitting in two wallets from the Truebit hack. New fund flow tracker for the TrueBit exploit - traces the full attack from funding → drain → current holdings. Auto-updates when funds move 👁️ https://t.co/cVUYpdTWBn

TRU exploit report updated with on-chain investigation. → 33 days of attacker prep traced → Cross-chain bridges + Tornado Cash used → $26.4M still sitting in holding wallets Will keep updating as funds move. https://t.co/VedsoAz2D7

the initial funding for the attack on December 6: 0xe3e187a1c66fb2b0c9af55006cced07a1b8a9973f51d45d1a120e459667d03a5

Truebit exploit started on-chain, three days after this tweet 🧐

The TRU bonding curve was exploited today - ~8,535 ETH (~$26.4M) drained via a pricing math bug in the controller contract. Tracking all activity live on https://t.co/v1lx3s9ODQ Report and tracking:

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