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2.8 million USD, cross-chain bridges are hacked again and again.
TAC's TON side was attacked, involving USDT, BLUM, tsTON. The announcement said that TON and ERC-20 are unaffected—this kind of "partially affected" wording always sounds tiresome.
The key sentence is: "Sell the foundation’s TAC token reserves through a legitimate structured approach to compensate users."
Translate: We're about to sell tokens.
Using the foundation’s reserves to compensate users is better than just running away directly. But the phrase "structured sale" implies—
We will try not to break through the order book, but tokens still need to be sold, selling pressure is inevitable.
Holders of TAC are probably calculating how much they will be diluted.
Cross-chain bridges are hackers’ ATM machines, that’s no longer news. From Ronin to Wormhole, from Nomad to Multichain, every cross-chain bridge thinks it’s "more secure," and every one gets proven wrong.
The TAC team responded relatively quickly—released a report within 48 hours, working with SEAL 911 and security partners to trace the funds.
But users don’t want a "quick report," they want "their money not to be lost."
$2.8 million, how much can be recovered, nobody knows.
The security issues of cross-chain bridges have been discussed from 2021 to 2026, and still haven’t been solved. Every time it’s "our architecture is more secure," every time it’s "we learned our lesson after being attacked."
Lessons are endless, hackers are endless. #Gate广场五月交易分享 $TAC