Syscoin Pauses Bridge After 5B Unauthorized SYS Minted

Syscoin paused its cross-chain bridge after an attacker exploited a validation vulnerability to mint approximately 5 billion unauthorized SYS tokens. The exploit caused the token's price to drop nearly 20%. The Syscoin team is working with exchanges to mitigate the impact.

Detected & updated continuously · Source: Nebula

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@CoinwatcherNews

🚨🔓 #Syscoin suspende su puente cross-chain tras un exploit crítico. ▪️ Los atacantes lograron crear aproximadamente 5.000 millones de SYS mediante una vulnerabilidad en la validación de pruebas del bridge. ▪️ Los fondos fueron distribuidos rápidamente entre múltiples carteras https://t.co/PKv5mmP8nx

@The_NewsCrypto

🚨 Syscoin has hit the pause button on its Bridge after a major security incident ⚠️ An attacker reportedly exploited a validation issue, leading to the creation of approximately 5B unauthorized SYS through the UTXO Bridge path What happened? 👉 Around 4B SYS and 1B SYS were

@BillyTheCrypt0

Syscoin Pauses Bridge After Attacker Mints 5 Billion Unauthorized SYS https://t.co/Nl6feoAurX

@blockchainrptr

Syscoin's bridge was paused after an attacker exploited a validation issue, creating 5 billion unauthorized SYS. The team is working with exchanges to. https://t.co/nIiyumJJXK

@Crypto_Potato

🚨 ALERT: Syscoin's bridge has been exploited, with an attacker minting 5 billion unauthorized $SYS tokens. The price collapsed by nearly 20% following the news. The Syscoin team has paused the bridge and contacted exchanges to freeze funds linked to the exploit.

@WizzyOnChain

🚨 BREAKING SYSCOIN'S CROSS-CHAIN BRIDGE JUST MINTED 5,000,000,000 UNAUTHORIZED $SYS TOKENS. A VALIDATION FLAW IN THE BRIDGE LOGIC ALLOWED THE EXPLOIT, NO EXTERNAL ATTACKER NEEDED. CROSS-CHAIN SECURITY FAILURE. https://t.co/08MRfaZlxm

@GoPlusZH

🚨GoPlus安全警报:#BTC 扩展网络 @syscoin 的跨链桥被盗,原因疑似跨链过程中存在可被利用的漏洞(比如验证漏洞),攻击者利用该漏洞通过 UTXO 桥创建了约 50亿 $SYS 的未经授权的 $SYS 输出。 攻击者地址 https://t.co/zuAcR7jxkX 被攻击地址: https://t.co/zuAcR7jxkX 攻击交易: https://t.co/Y33FalURkO

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