SYS Drops 20% After 5B Unauthorized Tokens Minted in Syscoin Bridge Exploit
Syscoin paused its bridge immediately and urged exchanges to freeze deposits connected to the tainted transaction trail. An attacker exploited a validation flaw in Syscoin’s bridge system, minting about 5 billion SYS tokens without authorization and sending the token’s price into a nearly 20% freefall. This incident was revealed by the Syscoin team in an...
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