Telcoin Wallet Hack?

I was looking at the charts and saw a nearly 50 percent price drop. Was it a whale selling their coins or a potential wallet hack?

I know this is a smaller altcoin but believe a handful of people lost a significant amount of money.

Or is this the beginning of a rug pull? From my understanding this coin has been around nearly 5 years or so now and was wondering if people have seen drops like this with other 5+ year coins?

If it is a hack can someone with knowledge explain the vulnerabilities on how something like this can happen in the first place?

Secondly, what can be put in place to prevent things like this happening in the first place.

I feel for those who may have personally lost thousands of dollars and felt like reaching out on this forum might provide some clarity on what happened and provide some exposure that it happened in the first place.

I love the opportunity that crypto provides by giving average people a chance to make some significant life changing money but seeing things like this has to scare the crap out of people.

Been following this coin since 2021 which has had some wild ups and downs but not really sure where it’s going to be heading after an event like this.

Anyone else been personally affected by a hack of some type? Did the teams ever reach out and rectify the situation or just have to eat the loss?

Thank you for those who can elaborate on some of the points in this post.