Blockchain security firm CertiK reported an exploit involving the Ethereum infrastructure platform, Syndicate, after a compromise of the Commons bridge. According to CertiK, an address acquired around 18.5 million SYND tokens and sold them for approximately $330,000.
The funds were then bridged to Ethereum.
Syndicate Promises User Compensation
The latest breach had a devastating impact on its native token. Data from CMC revealed that SYND dropped more than 37% in the past 24 hours, falling to $0.021.
Syndicate Network, which develops infrastructure for application-specific blockchains with on-chain sequencers, confirmed the Commons bridge compromise on X and revealed that it is investigating unusual movements in SYND.
As per the latest statement issued, the team is tracing the attack, working with security firms, and has advised users to avoid providing liquidity until the situation is resolved. It also said it is exploring options to compensate affected users and has sufficient token
We współpracy z: https://cryptopotato.com/synd-crashes-37-after-syndicate-network-bridge-hack/
