what's Truebit Protocol?
Truebit Protocol is a decentralized verification system designed to enable trustless computation and data verification on blockchains like Ethereum. It addresses scalability limitations by allowing complex off-chain computations to be verified on-chain through cryptographic proofs, supporting applications such as dynamic oracles and verified workflows for tokenized assets. The protocol uses a network of verifiers participating in probabilistic verification games to ensure computational integrity without requiring full execution on the main chain. Truebit Verify integrates off-chain data sources with on-chain systems, orchestrating workflows where every action is backed by proof, facilitating secure scalability for DeFi, RWAs, and beyond.
Truebit Protocol experienced a $26M (8,535 ETH) loss from a suspicious transaction on Jan 8, 2026.
Experienced a suspicious transaction resulting in an estimated loss of approximately $26 million (8,535 ETH) from the "Truebit Protocol: Purchase" address on January 8th, 2026.