TEL Price Slumps as Telcoin Suffers Apparent Exploit Related to Polygon Wallet Implementation

Telcoin, which develops financial applications, such as trading and remittance tools, based on the Polygon blockchain for mobile-device users, froze its application in early Asian hours on Tuesday, developers said in an X post. In a follow-up post, they said the issue was related to how the application interacted with the Polygon blockchain and that no private keys or sensitive data were leaked.