On January 8th, Cyvers Alerts issued an alert stating that Truebit is suspected of experiencing a fund outflow event worth $26 million. The alert pointed out that a suspicious transaction from a contract called “Truebit Protocol: Purchase” triggered this incident. Some trackers show that the TRU token price plummeted by approximately 99.95%, with estimated losses reaching up to 8535 ETH. This incident increases risks related to counterparties and operations, especially as it is easily confused with the TrueFi (TRU) token. Market makers are expected to widen their bid-ask spreads or suspend quoting until the specifics of the fund outflow become clearer.