Affected by news of the theft, Telcoin (TEL) fell nearly 50% in the past 24 hours

On December 26th, Telcoin (TEL) has dropped by 48.64% in the past 24 hours and is currently priced at $0.001129.

As previously reported by BlockBeats, there has been a large amount of suspicious token activity on the Telcoin blockchain payment application on Polygon. The suspicious address is suspected to have stolen over 300 million TEL tokens and exchanged them for MATIC. Officials have stated that they are aware of the situation with the Telcoin application and have temporarily frozen its use during the investigation of the issue.