Following the security incident, we identified an exploit on the TON side of the TAC crosschain layer that was carried out by an external attacker. The incident resulted in a loss of approximately $2.8M across USDT, BLUM, and tsTON.
The TAC token, TON and all ERC-20 tokens bridged from Ethereum are NOT affected.
The bridge remains paused while forensic analysis and remediation work are ongoing. A post-mortem with additional disclosure will be published in the next 48 hours.
We are actively working with law enforcement, SEAL 911, and our security partners to trace and block the stolen funds.
Our focus is on making users whole and fully restoring bridge liquidity through a legally structured sale of Foundation’s TAC token treasury reserves.
We will continue to share updates through our official channels. Thank you for your patience and trust.
Post #25
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TAC Announcement Channel We are currently investigating a security incident affecting the TAC bridge with TON. The bridge has been paused as soon as we received reports from our security partners. The issue appears isolated to native TON Jettons bridged from TON (excluding $TON).…
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