A staggering $26 million evaporated in what appears to be a critical oversight—insufficient verification protocols despite high trust assumptions. This incident involving Truebit underscores a harsh reality in the crypto space: blind faith without rigorous due diligence can prove catastrophic. Whether it's auditing gaps, smart contract vulnerabilities, or procedural failures, this serves as yet another sobering reminder that even prominent projects demand meticulous scrutiny. Trust, it seems, remains the costliest liability when verification takes a backseat.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
NFTragedyvip
· 19h ago
It's the old trick of trust breaking again, 26 million just gone like that.
View OriginalReply0
ThesisInvestorvip
· 01-09 07:09
It's trust that caused the trouble—20.6 million just gone? Really need to learn a lesson this time.
View OriginalReply0
BlockBargainHuntervip
· 01-08 21:04
26 million directly lost... This is a typical case of "I trust you," right? Not even doing basic verification, no wonder Truebit failed.
View OriginalReply0
DeepRabbitHolevip
· 01-08 21:01
It's the cost of trust again. 26 million just disappeared like that. What happened to the promised audit?
View OriginalReply0
WagmiWarriorvip
· 01-08 21:00
It's the same old story, big projects are just like this.
View OriginalReply0
AirdropHunterWangvip
· 01-08 20:57
26 million lost, this is crypto... Even the biggest projects need to be checked by yourself; you can't just trust the hype.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)