Inflation Data Platform Truflation Suffers Hacker Attack

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A blockchain-based platform for tracking inflation, Truflation, has confirmed that it was targeted by a malware attack which resulted in an estimated loss of $5.2 million.

The project stated on September 25 through an X post that they had identified suspicious activity and that an attacker used malware to carry out the attack.

Truflation is closely monitoring the situation and is working with industry partners and law enforcement to protect its funds.

The project, which is supported by prominent names such as Coinbase Ventures and Chainlink, is also attempting to communicate with the hacker and is open to negotiations. In addition, Truflation has announced that it will reward any white hat individuals who provide assistance.