Source: Simplilearn
Aurory, a Solana blockchain-based gaming platform, recently experienced a significant security breach, resulting in an 80% loss in its AURY-USDC pool liquidity.
The exploit targeted Camelot’s DEX Arbitrum’s SyncSpace Aurory Bridge, prompting the Aurory team to take immediate action.
The hacker exploited a vulnerability in the SyncSpace bridge to withdraw and sell approximately 600,000 $AURY tokens to Arbitrum.
In response, the team quickly disabled SyncSpace to avoid further complications while also protecting user funds and NFTs.
It’s worth noting that the stolen $AURY tokens came from the team’s wallet, not from user funds. The team worked proactively to stabilize the market, executing token buybacks to prevent a complete market downturn. Simultaneously, plans to improve security were put in motion.
Following the security breach, the AURY token lost 17% of its value, reaching $1.17. However, the token was later recovered partially. As the investigation into the incident continues, the team remains committed to purchasing back tokens.
The incident has sparked discussions regarding the security of decentralized ecosystems. The Aurory team has assured users of a comprehensive analysis once the issue is fully resolved, with plans to resume SyncSpace and organize upcoming events for the user community.
Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.
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