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 early postmortem published on X, and it comes during a tough stretch for SYS, which was already deeply in the red across the last few weeks and months.
What Happened
According to Syscoin’s postmortem, the attacker exploited a validation issue in the bridge relay path, which incorrectly accepted or interpreted a transaction proof. That error caused the system to treat a fraudulent transaction as valid and create an unauthorized output of approximately 5 billion SYS, then valued at just under $10 million.
Per the Syscoin team, the stolen funds were sent to the address sys1qgaelv…9wvcw and then split across two other wallets, one holding about 4 billion SYS and the other the remaining 1 billion.
Syscoin immediately paused the bridge and has since
We współpracy z: https://cryptopotato.com/sys-drops-20-after-5b-unauthorized-tokens-minted-in-syscoin-bridge-exploit/
