Telcoin Faces Security Breach: Users Lose $1.2 Million in Exploit

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Telcoin, a developer of mobile-centric financial applications, recently suffered a security breach that resulted in the loss of over $1.2 million from user accounts. Peckshield, a blockchain security firm, discovered the flaw, which was reported by members of the Telcoin Discord community forum. The attack had a significant impact on Telcoin’s native token, TEL, causing around a 42% drop in its price due to a glitch in the company’s Polygon