Cross-chain Bridge TAC Suffers External Attack, Losing Approximately $2.8 Million, Foundation Plans to Sell Reserve Tokens to Reimburse User Losses

BlockBeats News, May 14th, the TAC team announced that its TON sidechain was exploited by an external attacker, resulting in approximately $2.8 million in losses involving USDT, BLUM, and tsTON. TAC, TON, and all ERC-20 tokens bridged from Ethereum are unaffected. Currently, the bridging service remains suspended, and forensic analysis and remediation work are ongoing. A comprehensive report with more details will be released within the next 48 hours.

The team is actively collaborating with law enforcement, SEAL 911, and security partners to trace and freeze the stolen funds. The team has stated that its primary focus is to sell the Foundation's TAC token reserves through legal and structured means to reimburse user losses and fully restore bridging liquidity. Official channels will provide continuous updates on progress.