Syscoin Pauses Bridge After Attacker Mints 5 Billion Unauthorized SYS

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SYS

Daily

$0.002230

▼ -52.15%

Volume (24h): -

Resistance Levels

Resistance 3$0.003700

Resistance 2$0.003300

Resistance 1$0.003000

Price$0.002230

Support 1$0.001900

Support 2$0.000900

Support 3$0.000300

Pivot (PP):$0.00299667

Trend:Downtrend

RSI (14):28.7

BeInCrypto Editorial

(03:36 AM UTC)

1 min read

Reviewed byDavid Kim

Syscoin (SYS) paused its bridge after an attacker exploited a validation issue, creating roughly 5 billion unauthorized SYS on the network’s UTXO chain.

The project is tracing the unauthorized tokens and working with exchanges to keep the tainted balances out of open markets.

How the Attacker Minted 5 Billion SYS

The incident centered on the bridge relay path, which checks transactions moving…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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