In another significant attack, the cryptocurrency platform Telcoin, has reported a security breach resulting in a loss of $1.3 million by its users.
This is not the first attack the project has suffered from.
“The identified address associated with these security breaches is 0x35d2775e5f95596509951b140d68fc5b9185ff98, as reported by PolygonScan.“
MetaTrust on-chain monitor, MetaScout, has recently uncovered a series of targeted attacks aimed at the Telcoin wallet $TEL. As a result of these attacks, the price of Telcoin has experienced a sudden and severe 65% decline, causing substantial financial losses estimated at… https://t.co/HECHoSDlHh
— MetaTrust Labs (@MetaTrustLabs) December 26, 2023
This attack has triggered a sharp drop of over 50% in Telcoin’s market price. Users and investors are waiting as the project investigates the breach and assesses the impact on its security measures. Stay tuned for further updates on this developing story.
