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The issue apparently resulted from a fault in the interaction between Telcoin’s digital wallet and a proxy contract that incorrectly performed certain storage functions.
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Telcoin Restores User Balances After Exploit, Records 400% Increase in Deposits
![Telcoin Restores User Balances After Exploit, Records 400% Increase in Deposits](https://bankingandinsurance.in/wp-content/uploads/https://www.coindesk.com/resizer/a1VOcIRvL51ghRQrRj_DBMVunNY=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PPCLJWZ5H5CADCUI72UYWIXNCE.jpg)