According to ZachXBT, Truflation, a crypto project backed by Coinbase Ventures, was hacked and lost about $5 million, with funds stolen from its "multi-signature vault and personal wallets". Truflation later posted on the X platform that it had detected "unusual activity" and confirmed a malicious software attack. The project said it was monitoring the situation and taking measures to protect funds, while working with law enforcement to investigate. In addition, Truflation also announced that staking operations are currently not possible and liquidity on decentralized exchanges has been restricted. At present, Truflation is actively responding to this security incident to ensure the safety of the remaining funds.