TeleSwap Hit by $735K Exploit as Team Stays Silent for Days

TeleSwap, a protocol used for moving assets across different blockchains, just confirmed it was hit by a major exploit. Hackers managed to walk away with about $735,000. While the money is gone, the community is more concerned about the timing of the news.

The actual attack happened five days before any public announcement was made. This delay has left many users wondering why the project stayed silent while funds were at risk. In crypto, a few hours can be a long time, so a five day wait feels like a lifetime.

Security experts are now looking into how the exploit happened in the first place. The protocol aims to make swaps easier, but these types of bridges are often targets for attackers. The team will need to work hard to win back user trust after this silence.

For now, anyone who used TeleSwap should be careful and check their wallet permissions. We are waiting to see if the project offers a recovery plan or a more detailed explanation of what went wrong during those five missing days.