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.
11
6
6
3
2
2May 13, 2026 2.9K 13
