Cysic halts crypto bridge after unauthorized mint of 10M CYS

Share

Cysic suspended its cross-chain bridge after 10 million CYS tokens were minted without authorization on BNB Smart Chain on October 17, 2026. The company quickly blacklisted the receiving address containing approximately 2.8 million tokens. The bridge remains offline indefinitely while third-party security experts investigate, with early findings suggesting a potential link to unauthorized database access and weaknesses in the bridge’s processing logic. For CYS holders, this unauthorized minting represents significant dilution, given the tokens were created beyond the intended generation process against a circulating supply of 160.8 million from a 1 billion total maximum.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items