ChainCatcher report: Syscoin has released a security incident report detailing the vulnerability in the UTXO-to-NEVM bridge. The incident resulted in approximately 5 billion SYS being unauthorizedly released on the UTXO side. The affected funds have since been returned to the official recovery address and destroyed via the standard OP_RETURN method, rendering them unusable by the protocol again, restoring the on-chain SYS supply to its expected level. The bridge functionality remains suspended while the team completes final reviews and fixes.
Syscoin Releases Bridge Security Incident Report, Unauthorized Funds Destroyed
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Summary
Syscoin has released a bridge security incident report disclosing a vulnerability in the UTXO-to-NEVM bridge that resulted in a security breach. Approximately 500 million SYS were unauthorizedly minted on the UTXO side but were subsequently returned to a recovery address and destroyed using OP_RETURN. The token supply has been restored to its intended level. The bridge remains paused while the team completes audits and implements fixes. This incident underscores ongoing vulnerabilities in blockchain infrastructure.
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