Syscoin has released a report on the bridge security incident, disclosing that a vulnerability in the UTXO-to-NEVM bridge resulted in the unauthorized release of approximately 50 billion SYS on the UTXO side. The affected funds have been returned to the official recovery address and destroyed via the standard OP_RETURN mechanism, restoring the on-chain reported SYS supply to its expected level. The bridge functionality is currently suspended while Syscoin works to fix the cross-layer parsing flaw.
Syscoin Releases Bridge Security Report, 5 Billion SYS Tokens Destroyed
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Summary
Syscoin has released a report on a bridge security breach, revealing a flaw in the UTXO-to-NEVM bridge that led to the unauthorized release of approximately 5 billion SYS tokens. The tokens have been returned to a recovery address and destroyed using OP_RETURN, restoring the on-chain supply to its correct level. The bridge has been temporarily paused while the team addresses parsing issues.
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