The Truebit Protocol suffered a catastrophic security breach on January 9, 2026, resulting in a loss of approximately $26.5 million. A hacker exploited a math error in an older smart contract's minting function, allowing them to acquire TRU tokens at a near-zero cost. The attacker then sold these tokens back into the market, completely draining the protocol's liquidity and causing the TRU token's price to crash from around $0.16 to near zero, representing an almost total loss of value for investors.
In the wake of this exploit, the presale for DeepSnitch AI (DSNT), a security-focused project, is gaining significant traction. The project has raised over $1.13 million and is in Stage 4 of its presale, with a token price of $0.03334. DeepSnitch AI aims to address security gaps by deploying automated agents to monitor on-chain threats. Its newly activated AuditSnitch feature provides instant forensic verdicts on token contract safety, while other agents like SnitchFeed and SnitchScan track whale movements and new token launches.
Separately, the article highlights corporate staking activity, noting that SharpLink Gaming generated about $33 million in passive yield from staking Ether over seven months. It also briefly mentions other altcoins, including GMT, which saw a 679% volume increase, and Avici (AVICI) on Solana, which posted a 53% weekly price gain.
