Cysic Crypto Bridge Suspended Following Unauthorized Minting of 10 Million CYS
- An attacker exploited a flaw in Cysic’s cross-chain bridge, minting 10 million CYS on BNB Smart Chain.
- The unauthorized mint occurred at 12:31 UTC, and the recipient address was blacklisted by Cysic at 13:47 UTC.
- Approximately 2.8 million CYS remain at the compromised address, with transfers now restricted.
- Cysic confirmed that the incident did not affect its mainnet or user wallets.
- A security firm has been hired to investigate further, with a follow-up report expected post-investigation.
The unauthorized minting incident highlights vulnerabilities in cross-chain bridges, prompting immediate action from Cysic to secure its systems and protect user assets. The financial impact of the mint is still under review as token transfers and swaps are analyzed.
Following the exploit that minted 10 million CYS, Cysic has taken steps to mitigate risks by blacklisting the involved address and hiring a security firm for further investigation. (Source)
