icon
icon
icon
icon
🏷️$300 Off
🏷️$300 Off

News /

Articles /

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

Coin WorldSaturday, May 3, 2025 8:32 am ET
1min read

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.

Comments

Add a public comment...
Post
User avatar and name identifying the post author
ajaxbeta
05/03
TRON's upgrade was like a rocket launch, but the security breach was the parachute failing. Good thing they've got a recovery plan, but next time, maybe aim for a smoother landing.
0
Reply
User avatar and name identifying the post author
TeslaCoin1000000
05/03
Sun's got the right attitude, calling out scammers. Let's see if they can keep user trust post-hack. TRON's move: upgrade and recover.
0
Reply
User avatar and name identifying the post author
Sgsfsf
05/03
Security in crypto is like $TSLA's battery day 🤔
0
Reply
User avatar and name identifying the post author
Dynasty__93
05/03
Sun's quick action shows he's got skin in game.
0
Reply
User avatar and name identifying the post author
MrJSSmyth
05/03
Always DYOR, folks. Even with upgrades, don't get reckless. Keep those funds safe and sound. 🚀
0
Reply
User avatar and name identifying the post author
CyberShellSecurity
05/03
Security breaches are a real headache. But quick action can turn this around. Let's see how TRON bounces back.
0
Reply
User avatar and name identifying the post author
CertifiedWwDuby
05/03
Scams suck, but TRON's upgrade got me hyped. 🚀 Holding $TRX long-term, believe in the tech. Security just needs to tighten up.
0
Reply
User avatar and name identifying the post author
Advanced-Ad-9186
05/03
@CertifiedWwDuby How long you planning to hold $TRX? Curious if you've got a target in mind or just riding the wave.
0
Reply
User avatar and name identifying the post author
BennyBiscuits_
05/03
Staying vigilant, holding $TRX despite the drama.
0
Reply
User avatar and name identifying the post author
fmaz008
05/03
7.2% surge ain't no joke. If TRON plays cards right, this could be a sweet ride. Just watch out for those bears.
0
Reply
User avatar and name identifying the post author
KookyPossibleTheme
05/03
Hackers always try to crash the party. Gotta give it to Sun for quick action though. TRX might bounce back strong.
0
Reply
User avatar and name identifying the post author
Davethulu
05/03
@KookyPossibleTheme True, hackers r lurking.
0
Reply
User avatar and name identifying the post author
Medical-Truth-3248
05/03
Crypto's a wild west, hacks included. But TRON's volume spike shows it's still got life. Are we in for a rollercoaster?
0
Reply
User avatar and name identifying the post author
-Joseeey-
05/03
Hackers always try to ruin the party 🚀
0
Reply
User avatar and name identifying the post author
Arby_88
05/03
@-Joseeey- Guess they wanted to short the hype 😂
0
Reply
User avatar and name identifying the post author
S_H_R_O_O_M_S999
05/03
TRON upgrade buzz short-lived with this hack news
0
Reply
User avatar and name identifying the post author
Mean_Dip_7001
05/03
7.2% surge isn't bad for a day's work. Upgrade seems solid, just hope they nail these scammers.
0
Reply
User avatar and name identifying the post author
itsjustsciencee
05/03
@Mean_Dip_7001 Solid upgrade, hope they catch the hackers soon.
0
Reply
User avatar and name identifying the post author
Wood_chicken
05/03
Holy!the block option data in NFLX stock saved me much money!
0
Reply
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App