An attacker minted 10 million $CYS out of thin air on Saturday — and sold 7.2 million of them before anyone could stop it.
At 12:31 UTC on October 17, a forged mint message hit Cysic's cross-chain bridge. The blacklist came 76 minutes later. By then the attacker had dumped 5.65 million CYS in five minutes (~$0.10 each) and moved roughly $727,000 worth of ETH to Ethereum through Mayan, deBridge and SWFT.
The foundation is cautious about the final dollar figure: the mint size alone doesn't set the loss. The bridge stays offline until the security review is done. Consensus and the mainnet were never touched — and the team says no user funds were stolen.
The uncomfortable part: the chain held. The off-chain database feeding the bridge didn't. Bridges keep dying in the plumbing, not the protocol.
Which bridge do you still actually trust with your money?
NFA. DYOR.
$CYS #Crypto #Security #DeFi
At 12:31 UTC on October 17, a forged mint message hit Cysic's cross-chain bridge. The blacklist came 76 minutes later. By then the attacker had dumped 5.65 million CYS in five minutes (~$0.10 each) and moved roughly $727,000 worth of ETH to Ethereum through Mayan, deBridge and SWFT.
The foundation is cautious about the final dollar figure: the mint size alone doesn't set the loss. The bridge stays offline until the security review is done. Consensus and the mainnet were never touched — and the team says no user funds were stolen.
The uncomfortable part: the chain held. The off-chain database feeding the bridge didn't. Bridges keep dying in the plumbing, not the protocol.
Which bridge do you still actually trust with your money?
NFA. DYOR.
$CYS #Crypto #Security #DeFi