ZachXBT: Cross-chain protocol TeleSwap suffered an exploit of approximately $735,000, still not publicly disclosed five days after the incident.

TechFlow reports, on July 20, on-chain detective ZachXBT stated in a post that cross-chain protocol TeleSwap suffered an exploit of approximately $735,000 on July 15. Following the incident, its Bitcoin hot wallet immediately stopped processing transactions, but as of now, five days have passed since the incident, yet the project team has still not made any public disclosure regarding this event. ZachXBT stated that about two hours ago, the attacker had transferred the stolen funds into Tornado Cash.