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Cysic demands the attacker return 275.872 ETH within 72 hours, offering approximately a 10% white-hat bounty.
The Cysic Foundation has issued a notice to the parties responsible for the unauthorized issuance of the CYS token, demanding the return of 275.872 ETH within 72 hours, which accounts for approximately 90% of the confirmed related proceeds. As a bounty for asset recovery, the party may retain the remaining approximately 30.652 ETH. The foundation stated that it has reconstructed key stages of the attack and preserved relevant technical and on-chain evidence; if payment is not received within the deadline, it will escalate the matter and cooperate with law enforcement to launch a criminal investigation.
Cysic Cross-Chain Bridge Attacked: 10 Million CYS Unauthorizedly Minted on BNB Chain
The Cysic Foundation released an incident report stating that on October 17, its cross-chain bridge experienced a security incident in which an attacker minted 10 million CYS without authorization on the BNB Smart Chain. Upon discovering the anomaly, the project team suspended the cross-chain bridge, placed related addresses on an on-chain blacklist, and hired a professional security firm to investigate the attack vectors and fund flows.
Cysic Cross-Chain Bridge Paused After Unauthorized Minting of 10 Million CYS Tokens
Odaily reports: The crypto project Cysic has announced that its cross-chain bridge was paused on Saturday after an attacker exploited a processing flaw to mint 10 million CYS tokens without authorization on BNB Smart Chain. Preliminary investigations indicate that the attacker may have gained unauthorized access to the database supporting the bridge.The unauthorized minting occurred at 12:31:38 UTC, and Cysic blacklisted the receiving address in the token contract at 13:47:52. The address currently still holds approximately 2.8 million CYS, and related transfers have been restricted.Cysic stated that the incident only involved cross-chain bridge message processing and token minting, and did not affect the mainnet or other operating systems, nor did it result in the theft or unauthorized transfer of existing CYS or other assets in user wallets. Token transfers, swaps, and actual losses are still under review, and the company has engaged security firms and plans to release a follow-up report. (Cointelegraph)
Cysic Restores Cross-Chain Bridge Services and Burns Over 7.2 Million CYS
According to an official announcement from Cysic, following the cross-chain bridge security incident that occurred earlier, Cysic has fully resumed its cross-chain bridge services, and users can now once again transfer CYS across chains between the Cysic mainnet and other supported blockchains. Additionally, Cysic has permanently burned 7,200,002 CYS on the BNB Smart Chain and confirmed that this operation has been recorded on-chain.
Cysic Updates Security Incident Response Progress: 7.2 Million CYS Burned to Offset Unauthorized Additional Issuance Volume
Cysic has released an update on the progress of handling the security incident, disclosing that it has completed burning 7,200,002 CYS tokens on the BNB Smart Chain (BSC) to offset prior unauthorized token issuance. Both burn transactions have been confirmed on-chain, permanently reducing the CYS token supply on BSC and bringing it back into alignment with the project's tokenomics.
7.2 Million CYS to Be Burned by End of October as Cysic Plans to Offset Unauthorized Token Minting
Cysic has released the latest update on the cross-chain bridge security incident, announcing plans to burn 7.2 million CYS from the foundation reserve by the end of October to offset previously unauthorized minted tokens and bring the token supply back in line with the established tokenomics model. The relevant on-chain burn records will be published once confirmed.
PeckShield: Cysic attacker deposited 300 ETH and 30.4 BNB into Tornado Cash.
On-chain analyst PeckShield (@PeckShieldAlert) has tracked an address flagged as the Cysic attacker depositing 300 ETH (approximately $721,140) and 30.4 BNB (approximately $22,590) into Tornado Cash. According to the Cysic Foundation, a security incident involving the Cysic cross-chain bridge occurred on October 17, during which the attacker minted 10 million CYS tokens without authorization on the BNB Chain.
Cysic demands the attacker return 275.872 ETH within 72 hours, offering approximately a 10% white-hat bounty.
The Cysic Foundation has issued a notice to the parties responsible for the unauthorized issuance of the CYS token, demanding the return of 275.872 ETH within 72 hours, which accounts for approximately 90% of the confirmed related proceeds. As a bounty for asset recovery, the party may retain the remaining approximately 30.652 ETH. The foundation stated that it has reconstructed key stages of the attack and preserved relevant technical and on-chain evidence; if payment is not received within the deadline, it will escalate the matter and cooperate with law enforcement to launch a criminal investigation.
Cysic Cross-Chain Bridge Attacked: 10 Million CYS Unauthorizedly Minted on BNB Chain
The Cysic Foundation released an incident report stating that on October 17, its cross-chain bridge experienced a security incident in which an attacker minted 10 million CYS without authorization on the BNB Smart Chain. Upon discovering the anomaly, the project team suspended the cross-chain bridge, placed related addresses on an on-chain blacklist, and hired a professional security firm to investigate the attack vectors and fund flows.
Cysic Restores Cross-Chain Bridge Services and Burns Over 7.2 Million CYS
According to an official announcement from Cysic, following the cross-chain bridge security incident that occurred earlier, Cysic has fully resumed its cross-chain bridge services, and users can now once again transfer CYS across chains between the Cysic mainnet and other supported blockchains. Additionally, Cysic has permanently burned 7,200,002 CYS on the BNB Smart Chain and confirmed that this operation has been recorded on-chain.
Cysic Updates Security Incident Response Progress: 7.2 Million CYS Burned to Offset Unauthorized Additional Issuance Volume
Cysic has released an update on the progress of handling the security incident, disclosing that it has completed burning 7,200,002 CYS tokens on the BNB Smart Chain (BSC) to offset prior unauthorized token issuance. Both burn transactions have been confirmed on-chain, permanently reducing the CYS token supply on BSC and bringing it back into alignment with the project's tokenomics.
7.2 Million CYS to Be Burned by End of October as Cysic Plans to Offset Unauthorized Token Minting
Cysic has released the latest update on the cross-chain bridge security incident, announcing plans to burn 7.2 million CYS from the foundation reserve by the end of October to offset previously unauthorized minted tokens and bring the token supply back in line with the established tokenomics model. The relevant on-chain burn records will be published once confirmed.
Cysic demands the attacker return 275.872 ETH within 72 hours, offering approximately a 10% white-hat bounty.
The Cysic Foundation has issued a notice to the parties responsible for the unauthorized issuance of the CYS token, demanding the return of 275.872 ETH within 72 hours, which accounts for approximately 90% of the confirmed related proceeds. As a bounty for asset recovery, the party may retain the remaining approximately 30.652 ETH. The foundation stated that it has reconstructed key stages of the attack and preserved relevant technical and on-chain evidence; if payment is not received within the deadline, it will escalate the matter and cooperate with law enforcement to launch a criminal investigation.
Cysic Cross-Chain Bridge Attacked: 10 Million CYS Unauthorizedly Minted on BNB Chain
The Cysic Foundation released an incident report stating that on October 17, its cross-chain bridge experienced a security incident in which an attacker minted 10 million CYS without authorization on the BNB Smart Chain. Upon discovering the anomaly, the project team suspended the cross-chain bridge, placed related addresses on an on-chain blacklist, and hired a professional security firm to investigate the attack vectors and fund flows.
Cysic Cross-Chain Bridge Paused After Unauthorized Minting of 10 Million CYS Tokens
Odaily reports: The crypto project Cysic has announced that its cross-chain bridge was paused on Saturday after an attacker exploited a processing flaw to mint 10 million CYS tokens without authorization on BNB Smart Chain. Preliminary investigations indicate that the attacker may have gained unauthorized access to the database supporting the bridge.The unauthorized minting occurred at 12:31:38 UTC, and Cysic blacklisted the receiving address in the token contract at 13:47:52. The address currently still holds approximately 2.8 million CYS, and related transfers have been restricted.Cysic stated that the incident only involved cross-chain bridge message processing and token minting, and did not affect the mainnet or other operating systems, nor did it result in the theft or unauthorized transfer of existing CYS or other assets in user wallets. Token transfers, swaps, and actual losses are still under review, and the company has engaged security firms and plans to release a follow-up report. (Cointelegraph)
Related news
Cysic Restores Cross-Chain Bridge Services and Burns Over 7.2 Million CYS
According to an official announcement from Cysic, following the cross-chain bridge security incident that occurred earlier, Cysic has fully resumed its cross-chain bridge services, and users can now once again transfer CYS across chains between the Cysic mainnet and other supported blockchains. Additionally, Cysic has permanently burned 7,200,002 CYS on the BNB Smart Chain and confirmed that this operation has been recorded on-chain.
Cysic Updates Security Incident Response Progress: 7.2 Million CYS Burned to Offset Unauthorized Additional Issuance Volume
Cysic has released an update on the progress of handling the security incident, disclosing that it has completed burning 7,200,002 CYS tokens on the BNB Smart Chain (BSC) to offset prior unauthorized token issuance. Both burn transactions have been confirmed on-chain, permanently reducing the CYS token supply on BSC and bringing it back into alignment with the project's tokenomics.
7.2 Million CYS to Be Burned by End of October as Cysic Plans to Offset Unauthorized Token Minting
Cysic has released the latest update on the cross-chain bridge security incident, announcing plans to burn 7.2 million CYS from the foundation reserve by the end of October to offset previously unauthorized minted tokens and bring the token supply back in line with the established tokenomics model. The relevant on-chain burn records will be published once confirmed.
PeckShield: Cysic attacker deposited 300 ETH and 30.4 BNB into Tornado Cash.
On-chain analyst PeckShield (@PeckShieldAlert) has tracked an address flagged as the Cysic attacker depositing 300 ETH (approximately $721,140) and 30.4 BNB (approximately $22,590) into Tornado Cash. According to the Cysic Foundation, a security incident involving the Cysic cross-chain bridge occurred on October 17, during which the attacker minted 10 million CYS tokens without authorization on the BNB Chain.
Cysic demands the attacker return 275.872 ETH within 72 hours, offering approximately a 10% white-hat bounty.
The Cysic Foundation has issued a notice to the parties responsible for the unauthorized issuance of the CYS token, demanding the return of 275.872 ETH within 72 hours, which accounts for approximately 90% of the confirmed related proceeds. As a bounty for asset recovery, the party may retain the remaining approximately 30.652 ETH. The foundation stated that it has reconstructed key stages of the attack and preserved relevant technical and on-chain evidence; if payment is not received within the deadline, it will escalate the matter and cooperate with law enforcement to launch a criminal investigation.
Cysic Cross-Chain Bridge Attacked: 10 Million CYS Unauthorizedly Minted on BNB Chain
The Cysic Foundation released an incident report stating that on October 17, its cross-chain bridge experienced a security incident in which an attacker minted 10 million CYS without authorization on the BNB Smart Chain. Upon discovering the anomaly, the project team suspended the cross-chain bridge, placed related addresses on an on-chain blacklist, and hired a professional security firm to investigate the attack vectors and fund flows.