News
Public · Published
TAC token crashes 82% in a day, two months after white-hat hack
TAC Protocol's token dropped about 82% in a single day, falling to roughly half a cent and cutting its market cap to around twenty‑six million dollars, two months after a bridge hack of about three million dollars that the team later labeled a white‑hat incident.
Published:
Updated:
What happened
TAC Protocol’s token dropped about 82% in a single day, falling to roughly half a cent and cutting its market cap to around twenty‑six million dollars, two months after a bridge hack of about three million dollars that the team later labeled a white‑hat incident.
Confirmed
Global impact / market context
The steep price fall wipes out most of the token’s value, showing how security breaches—even when called white‑hat—can sharply erode investor confidence, reduce liquidity, and raise doubts about the protocol’s future revenue and funding.
Confirmed
Cryptocurrency markets react strongly to security events; a bridge hack re‑characterized as white‑hat still signals vulnerability, which can depress prices across similar assets and prompt tighter regulatory focus on cross‑chain bridges.
Confirmed
What to watch
- The next price movement of the TAC token, as further declines or rebounds will indicate whether investors remain fearful or begin to trust the protocol’s security narrative. Confirmed
- Any new communications from TAC Protocol about additional audits, security upgrades, or compensation plans, which could affect the token’s perceived safety and future capital‑raising ability. Confirmed
- Developments in the broader crypto bridge ecosystem, including regulatory proposals or other hack disclosures, that may influence how investors price bridge‑related tokens and allocate capital. Confirmed
Affected assets
- TAC — TAC