TeleSwap Cross-Chain Bridge Exploited with $735,000 Loss
TeleSwap experienced suspicious outflows from its Bitcoin hot wallet, totaling over $735,000. The project has not publicly disclosed the incident five days after the exploit.
On July 15, 2026, the cross-chain bridge protocol TeleSwap was suspected of being exploited. There were suspicious outflows exceeding $735,000 from its Bitcoin hot wallet, which subsequently ceased processing transactions.
As of five days after the incident, TeleSwap has not made any public announcement regarding the exploit. Reports indicate that the attacker has moved the stolen funds toward Tornado Cash for laundering.