Hack history / 2023 / Hack or exploit
Telcoin
Hack or exploit on Dec 25, 2023 · Uninitialized Proxy
SOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$1.2M
dollars at the time
Returned
none listed
as the sources state it
Rank
#860
among thefts by dollars lost
What happened
Telcoin's Polygon wallet proxy contracts were uninitialized, allowing an attacker to initialize dormant wallets with malicious versions and drain user funds that had never executed transactions.
Details
- Date
- Dec 25, 2023
- Kind
- Hack or exploit
- Method
- Uninitialized Proxy
- How in
- Smart contract bug
- Target
- Payments
- Chains
- Polygon
After the theft
- Frozen
- yes, amount not stated
“Use of the app has been temporarily frozen while the issue is investigated and an update will be provided as soon as possible.” (SlowMist Hacked)
Cite this page
SwanBluechip, "Telcoin hack, Dec 25, 2023: $1.2M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht587052fce5/ (data as of 2026-10-31).