Trueflation confirms $5 million hack, says no customer funds were affected

Truflation, a blockchain-based inflation data platform, was hit by a malicious software attack that claimed up to $5.2 million (approximately $7.2 million)
It was reported that the company suffered a loss of 1.531 billion yen. The TruFlation Team posted on X (formerly Twitter) that "The TruFlation Team has detected abnormal activity.
"Trueflation is monitoring the incident closely and is taking steps to protect funds, including working with key industry partners and
"We are working with law enforcement, and are also attempting to make contact with the hackers and are open to negotiations," Trueflation said.
According to blockchain researcher ZachXBT, Trueflation is a treasury multi-signature wallet and a private blockchain token in Ethereum.
Approximately $5.23 million was lost from user wallets, with an additional $100,000 lost across seven other chains.
Blockchain security firm Cybers has also rated Trueflatio in a separate assessment.
The company reported losing $4.95 million (approximately 716.4 million yen). Approximately $3.89 million (approximately 563 million yen) worth of Truflation was stolen from Truflation’s Ethereum wallet.
The stolen cryptocurrency, TRUF tokens, $1.07 million worth of Ethereum (ETH), and $236,000 worth of DAI stablecoin were also stolen.
The TruFlation team clarified that "no customer funds were leaked and staked assets were not affected."