🚨 Telcoin ($TEL) Plummets by 41% Following Exploit, Losing Approximately $1.3M in Cryptocurrency !
Telcoin identified a wallet issue not related to their code but to the proxy implementation on Polygon, affecting wallets that hadn't initiated transactions. They've deployed a fix to prevent further exploits and aim to restore affected wallets to previous balances before reactivating the app service. No breach occurred concerning keys, backend systems, or user data.