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Cysic Bridge Under Attack: 10 Million Tokens Minted and $727K Transferred Following Exploit

Cysic Bridge Under Attack: 10 Million Tokens Minted and $727K Transferred Following Exploit

Cysic Bridge Exploit Creates 10 Million Tokens Before $727,000 Moves To Ethereum
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:...

Cysic's blacklist came 76 minutes after the mint, once 7.2 million CYS were dumped
Cysic's blacklist came 76 minutes after the mint, once 7.2 million CYS were dumped

An attacker minted 10 million CYS via Cysic's bridge, sold 7.2 million and moved ~$727,000 to Ethereum before a blacklist landed 76 minutes later.

Cysic Bridge Hack: Attacker Mints 10M CYS, Moves $727K to Ethereum
Cysic Bridge Hack: Attacker Mints 10M CYS, Moves $727K to Ethereum

Cysic’s bridge hack minted 10 million CYS on BNB Chain, letting the attacker move $727,000 in ETH to Ethereum before the wallet was blacklisted.

Cysic crypto bridge halted after unauthorized mint of 10M CYS
Cysic crypto bridge halted after unauthorized mint of 10M CYS

Cysic said the incident was limited to bridge message processing and minting and did not affect the mainnet or other operational systems.

Cysic Halts Bridge After Unauthorized Mint of 10 Million CYS
Cysic Halts Bridge After Unauthorized Mint of 10 Million CYS

About 2.8 million CYS remain frozen at the recipient address, while onchain records show some tokens were sold before the blacklist took effect.... Read the full story at The Defiant

Coverage dates

First reported:

First saved on ClustZ:

Coverage updated:

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