Truebit Protocol Suffers $26.5M Security Breach in Major DeFi Hack
- Security Breach Incident: Truebit Protocol experienced a security breach resulting in the theft of over 8,500 ETH, valued at approximately $26.5 million, which directly impacted its native token TRU, causing it to plummet nearly 100% within hours, rendering it worthless on most exchanges.
- Smart Contract Vulnerability: The hacker exploited a flaw in the smart contract's pricing logic to mint TRU tokens at no cost and drained ETH reserves through a rapid buy-sell cycle, highlighting significant security deficiencies in the DeFi platform that could lead to decreased user trust.
- Hacker Identity Link: PeckShield confirmed that the attacker is the same individual responsible for the Sparkle attack two weeks prior, who similarly exploited a smart contract flaw to mint tokens, indicating a persistent threat from this hacker in the DeFi space that may raise broader security concerns.
- Industry Security Trends: According to TRM Labs, crypto-related hacks reached a record high of $2.72 billion in 2025, and although losses dropped by over 60% in December compared to November, this incident underscores the ongoing security risks in the DeFi sector, potentially prompting the industry to enhance security measures.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0609 | 0.0686 | 0.0777 | 0.0855 | 0.0946 | 0.102 | 0.111 |
| Fibonacci | 0.0686 | 0.0751 | 0.079 | 0.0855 | 0.0919 | 0.0959 | 0.102 |
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