Truflation
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anchored·3kx2rh…vfWVSummary
Truflation is a blockchain-based inflation data oracle protocol that provides real-time economic indices to DeFi applications via its Truflation Stream Network (TSN) and TRUF token. In September 2024, the project suffered a confirmed malware attack that compromised private keys across its treasury multisig and personal wallets, resulting in losses estimated between $4.6 million and $5.2 million — predominantly in TRUF tokens, ETH, and DAI. On-chain investigator ZachXBT was among the first to publicly identify and report the incident; the project subsequently initiated a full TRUF token migration as a remediation measure.
Connected Entities
1 entitiesTimeline(9 events)
2021
Truflation founded by Stefan Rust with the goal of providing a censorship-resistant, blockchain-native inflation index.
17 May 2022
Truflation publicly launches, announcing Chainlink integration and censorship-resistant economic data infrastructure.
2024
Truflation raises $6 million in a Series A funding round. Investors include Coinbase Ventures and G20 Ventures.
25 September 2024
Truflation detects abnormal wallet activity. A malware attack, allegedly introduced during Token2049 in Singapore, compromises private keys for the treasury multisig and personal team wallets across Ethereum and seven other blockchains.
25 September 2024
ZachXBT publicly identifies and reports the Truflation hack, estimating losses of approximately $5 million from treasury multisig and personal wallets on multiple chains.
26 September 2024
Truflation publicly confirms the malware attack. CEO Stefan Rust states the malware likely entered systems during Token2049. Truflation disables staking and limits DEX liquidity. An on-chain message offering a $500,000 bounty is sent to the attacker.
26 September 2024
Blockchain analytics estimate losses of $3.89M in TRUF, $1.07M in ETH, and $236,700 in DAI on Ethereum; total losses estimated at $4.6M–$5.2M. Attacker declines bounty negotiation offer.
Decision Log
- hash: Ds5s8PamECNrgiXHvp9St56184e7bRUJQVsefCubiGrM
This investigation is cryptographically anchored to the Solana blockchain (1 event).
model: claude-sonnet
generated: 5/4/2026, 2:54:28 AM
last updated: 8/29/2026, 1:35:43 AM
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