Cysic suspends bridge after attacker mints tokens and moves $727,000 to Ethereum

The attacker, after minting 10 million CYS, managed to bridge about $727,000 in proceeds to Ethereum through Mayan, deBridge and SWFT's Bridgers.
Key Takeaways
- The attacker, after minting 10 million CYS, managed to bridge about $727,000 in proceeds to Ethereum through Mayan, deBridge and SWFT's Bridgers.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from The Block. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3

A $98 Million Bitcoin Long Bet on Hyperliquid Hangs by a Thin Thread
A bitcoin trader is staring down a potential $98 million liquidation after a punishing week wiped nearly $9.8 million from a Hyperliquid account. With 40x leverage and bitcoin’s price slipping toward $81,000, another sharp decline could finish the job.…

Crypto doesn’t need your party to win, just its candidates
The crypto industry has finally found a way to participate in America's partisan warfare without committing to either of the (only) two available parties: help elect people who agree with it about crypto, then let them argue about everything else. Fairshake's…

Fidelity Sees A Stronger Solana Network, With Concentration Risks Still In View
TL;DR: Fidelity’s technology research team says Solana has operated for more than two years without a major mainnet outage, while maintaining roughly 99.7% vote success. It also warns that validator and infrastructure concentration remain important concerns.…