1h ago
Syscoin Reports Bridge Validation Flaw Minting ~5B Unauthorized SYS Tokens
Syscoin said a bridge validation weakness was exploited to generate about 5 billion unauthorized SYS, prompting the team to pause the bridge and trace the affected funds. The project reported the tokens were first sent to one address and later split, with roughly 4 billion SYS in one wallet and around 1 billion SYS in another. The incident coincided with a sharp market reaction, with SYS sliding nearly 20% after the news and showing broader declines in the latest June 8 chart data.