Cysic's bridge attacker minted 10M CYS on BNB Chain. That is about 6.2% of the token's circulating supply.
The mint hit at 20:31 UTC+8 on Oct 17. CoinGecko shows an all-time low of $0.1063 seven minutes later. Cysic blacklisted the recipient at 21:47 UTC+8, 76 minutes after the mint. By then about 7.2M of the 10M had already left that address; 2.8M sat there when transfers were cut.
An hour before the mint, CYS was near $0.125. At that price the unauthorized 10M was worth about $1.25M. From $0.125 to the $0.106 ATL is a drop of about 15% in seven minutes. As of 20:11 UTC+8 Sunday the token was near $0.118.
Cysic says user wallets and the mainnet were not hit. The bridge stays suspended. Most of the printed tokens moved before the blacklist.
$CYS
#CryptoHack #BNBChain
NFA. DYOR.
The mint hit at 20:31 UTC+8 on Oct 17. CoinGecko shows an all-time low of $0.1063 seven minutes later. Cysic blacklisted the recipient at 21:47 UTC+8, 76 minutes after the mint. By then about 7.2M of the 10M had already left that address; 2.8M sat there when transfers were cut.
An hour before the mint, CYS was near $0.125. At that price the unauthorized 10M was worth about $1.25M. From $0.125 to the $0.106 ATL is a drop of about 15% in seven minutes. As of 20:11 UTC+8 Sunday the token was near $0.118.
Cysic says user wallets and the mainnet were not hit. The bridge stays suspended. Most of the printed tokens moved before the blacklist.
$CYS
#CryptoHack #BNBChain
NFA. DYOR.