TRX Surges 7.2% Post-Upgrade, Hack Taints TRON's Moment

On May 3, 2025, Justin Sun, the founder of TRON, announced a significant upgrade to the TRON ecosystem. This news sparked a notable increase in the price of TRX, the native cryptocurrency of the TRON network. However, the excitement was tempered by a security breach involving the official TRON DAO Twitter account, which was compromised by hackers attempting to steal user funds.

The TRON upgrade led to an immediate market reaction, with TRX prices rising by 7.2% within the first hour, from $0.122 to $0.130. This surge in price was accompanied by a 15% jump in transaction volume on the TRON network, with over 5.8 million transactions processed by 1:00 PM UTC. This data underscores the strong market interest and growing adoption of TRON’s latest improvements.

Despite the positive market response to the upgrade, the hack of the TRON DAO Twitter account cast a shadow over the event. Hackers used the compromised account to promote a scam, attempting to deceive users into transferring their funds to a malicious wallet. Justin Sun swiftly responded to the breach, reaching out to the crypto exchange OKX and urging them to freeze any assets linked to the scam. Sun emphasized the importance of quick action to prevent further exploitation and protect users.

In addition to contacting OKX, Sun involved law enforcement in the investigation, sharing critical details to help trace and recover the stolen funds. He directly addressed the scammers, urging them to return the stolen assets and offering a chance to do the right thing. The funds have been traced to a specific wallet address, and two transaction hashes were shared to aid the investigation.

TRON now faces the dual challenge of advancing its technology while managing the fallout from this security breach. The upgrade brought a positive market response, but the hack highlights the ongoing security risks in the crypto space. Sun’s leadership will be under scrutiny as the situation unfolds, but TRON’s quick response to the hack demonstrates a commitment to protecting its users. The balance between innovation and security will be crucial for TRON’s future.