Cysic Bridge Exploit Creates 10 Million Tokens Before $727,000 Moves To Ethereum
Cysic has suspended its cross-chain bridge after an attacker created 10 million unauthorized CYS tokens on BNB Chain and converted part of the supply into assets moved toward Ethereum. TL;DR: On-chain analysis traced the sale of about 7.2 million CYS and the receipt of 306.6 ETH, valued at roughly $727,000 at the time. The bridge […]
Key Takeaways
- Cysic has suspended its cross-chain bridge after an attacker created 10 million unauthorized CYS tokens on BNB Chain and converted part of the supply into assets moved toward Ethereum.
- TL;DR: On-chain analysis traced the sale of about 7.2 million CYS and the receipt of 306.6 ETH, valued at roughly $727,000 at the time.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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