Cysic cross-chain bridge attacked; 10 million CYS minted without authorization on BNB Chain
Deep Tide TechFlow reports that on October 18, the Cysic Foundation released an incident report stating that its cross-chain bridge suffered a security incident on October 17, when an attacker minted 10 million CYS without authorization on BNB Smart Chain. After detecting the anomaly, the project team suspended the cross-chain bridge, imposed on-chain blacklist restrictions on the relevant addresses, and hired professional security experts…
Market update: $BNB is currently at 723.34 (24h +0.24%), with a 24h range of 710.15–723.99. The price is hugging the top of the range, so chasing it here doesn’t offer much upside for the risk. I’d rather see whether there’s support around 717.07 on a pullback; only a high-volume hold above 723.99 would open up room to move. A drop back below 717.07 would mean this rally didn’t follow through. For comparison, $BTC is up 0.53% over 24h.
Source: Deep Tide TechFlow
Personal observations only; this is not investment advice. Manage your own position size.
#BNB #CryptoMarket
Deep Tide TechFlow reports that on October 18, the Cysic Foundation released an incident report stating that its cross-chain bridge suffered a security incident on October 17, when an attacker minted 10 million CYS without authorization on BNB Smart Chain. After detecting the anomaly, the project team suspended the cross-chain bridge, imposed on-chain blacklist restrictions on the relevant addresses, and hired professional security experts…
Market update: $BNB is currently at 723.34 (24h +0.24%), with a 24h range of 710.15–723.99. The price is hugging the top of the range, so chasing it here doesn’t offer much upside for the risk. I’d rather see whether there’s support around 717.07 on a pullback; only a high-volume hold above 723.99 would open up room to move. A drop back below 717.07 would mean this rally didn’t follow through. For comparison, $BTC is up 0.53% over 24h.
Source: Deep Tide TechFlow
Personal observations only; this is not investment advice. Manage your own position size.
#BNB #CryptoMarket