Syscoin Plummets 20% After 5 Billion Tokens Minted in Bridge Exploit
An attacker exploited a validation flaw in Syscoin’s bridge system, minting approximately 5 billion SYS tokens without authorization and driving the token’s price down by nearly 20%. Syscoin disclosed the incident in an early postmortem shared on X, noting it occurred during an already difficult period for SYS, which had been under significant selling pressure … Read more