Svmuu News: On-chain investigator ZachXBT posted that the cross-chain bridge protocol TeleSwap appears to have been attacked on July 15, 2026, resulting in losses exceeding $735,000; however, five days after the incident, the project team has yet to publicly disclose any details.
ZachXBT noted that shortly after the suspicious outflow of funds, TeleSwap’s hot wallet at Bitcoin stopped processing transactions. Approximately two hours ago, the attacker transferred the stolen funds to the privacy-preserving mixing service Tornado Cash.
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The TeleSwap bridge protocol appears to have been compromised; over $735,000 was stolen and funneled into Tornado Cash
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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