The Cross-Chain Bridge Started Printing Its Own Money
An attacker got into the cross-chain bridge’s database and forged a message, minting 10 million CYS out of thin air on BNB Chain. The team urgently pulled the plug and blacklisted the address, but 2.8 million tokens are still stuck there and can’t be transferred. Take the claims that “the mainnet is fine” and “users’ assets weren’t lost” with a grain of salt for now.
Someone turned on the on-chain minting rights like their own faucet, and database access was managed so carelessly that you have to wonder if the audit report was written with someone’s feet. They locked their own address before dumping 10 million tokens into the pool, so not much of that selling pressure got through. The market still has to absorb the panic selling in the short term, and any bounce is just a chance for bagholders to unload.
Those of you holding CYS, what’s your cost basis? Would you still dare to deposit funds into this bridge once it reopens?
$BTC $ETH $SOL
An attacker got into the cross-chain bridge’s database and forged a message, minting 10 million CYS out of thin air on BNB Chain. The team urgently pulled the plug and blacklisted the address, but 2.8 million tokens are still stuck there and can’t be transferred. Take the claims that “the mainnet is fine” and “users’ assets weren’t lost” with a grain of salt for now.
Someone turned on the on-chain minting rights like their own faucet, and database access was managed so carelessly that you have to wonder if the audit report was written with someone’s feet. They locked their own address before dumping 10 million tokens into the pool, so not much of that selling pressure got through. The market still has to absorb the panic selling in the short term, and any bounce is just a chance for bagholders to unload.
Those of you holding CYS, what’s your cost basis? Would you still dare to deposit funds into this bridge once it reopens?
$BTC $ETH $SOL