⚠️ NEW IN: ZachXBT Reports
On-chain analysis indicates that TeleSwap experienced a suspected exploit resulting in losses exceeding $735K on July 15, 2026.

Despite the incident, no public disclosure has been made by the protocol after five days.

Following the suspicious outflows, TeleSwap's Bitcoin hot wallet ceased processing transactions. The attacker has since moved the stolen assets into Tornado Cash, consistent with post-exploitation laundering activity.

Observed attacker addresses:
BTC 1
ETH 1
ETH 2
ETH 3

TeleSwap BTC hot wallet:
BTC Hot Wallet

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