• Latest
  • Trending
Cysic Bridge Exploit Mints 10M CYS, Leaves 2.8M Tokens Frozen on BNB Chain

Cysic Bridge Exploit Mints 10M CYS, Leaves 2.8M Tokens Frozen on BNB Chain

October 20, 2026
U.S. CFTC sets agenda for AI forum, exploring trading and agentic finance

U.S. CFTC sets agenda for AI forum, exploring trading and agentic finance

October 20, 2026
ByteDance, Alibaba and Tencent Order Over $35 Billion in Nvidia RTX PRO Chips

ByteDance, Alibaba and Tencent Order Over $35 Billion in Nvidia RTX PRO Chips

October 20, 2026
Stablecoins After the GENIUS Act, Part 1: What Businesses Need to Do Now

Stablecoins After the GENIUS Act, Part 1: What Businesses Need to Do Now

October 20, 2026
Hyperliquid Policy Center Calls For Five Changes To SEC Crypto Rule

Hyperliquid Policy Center Calls For Five Changes To SEC Crypto Rule

October 20, 2026
Qubic Restarts Blockchain After $1.4M Wallet Hack

Qubic Restarts Blockchain After $1.4M Wallet Hack

October 20, 2026
GENIUS Act Rules Face New Questions After Ripple CLO Filing

GENIUS Act Rules Face New Questions After Ripple CLO Filing

October 20, 2026
Blast Shutdown: How to Withdraw Funds From Blast and Abstract

Blast Shutdown: How to Withdraw Funds From Blast and Abstract

October 20, 2026
XRP Treasury Stock XRPN Now Available on Uphold

XRP Treasury Stock XRPN Now Available on Uphold

October 20, 2026
SecondFi Hack Victims Seek Relief, Hoskinson Draws the Line

SecondFi Hack Victims Seek Relief, Hoskinson Draws the Line

October 20, 2026
  • Privacy Policy
Tuesday, October 20, 2026
MtRushmoreCrypto - Where Crypto Rocks
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
No Result
View All Result
Logo
No Result
View All Result
Home Crypto

Cysic Bridge Exploit Mints 10M CYS, Leaves 2.8M Tokens Frozen on BNB Chain

J_News by J_News
October 20, 2026
in Crypto, Top News
0
Cysic Bridge Exploit Mints 10M CYS, Leaves 2.8M Tokens Frozen on BNB Chain
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Key Takeaways:

  • An attacker managed to create 10 million CYS using the Cysic cross-chain bridge on BNB Smart Chain.
  • Cysic blacklisted the recipient address, thereby freezing approximately 2.8 million CYS still in the add.
  • No assets on the mainnet were affected by the incident nor were any existing assets impacted.

The cross-chain bridge was suspended by the Cryptic Foundation due to an exploit in the Cross Chain Bridging message processing and minting flow that allowed an attacker to create 10 million CYS without authorization.

https://t.co/bK2X8Ca2sk

— Cysic Foundation (@cysic_fdn) October 18, 2026

The team indicated that such a breach was limited to the bridge infrastructure and not to the consensus mechanism (Cysic mainnet), execution of transactions, or existing tokens in user wallets.

cysic-incident-report

Cysic Bridge Mints 10 Million CYS Without Authorization

The mint was unauthorized at 12:31:38 UTC 2026/10/17 on BNB Smart Chain.An unauthorized mint happened at 17:31:38 UTC 2026/10/17 on BNB Smart Chain.

In the preliminary investigation, Syschick decided the attacker had successfully breached access to a database that service supporting the bridge was using, and then exploited a vulnerability in the related processing logic to send a fraudulent mint message.

That message resulted in the creation of 10 million CYS at a single recipient address. Cysic urged against considering the count of the token as the bottom line. Actual dollar affect and transfers and swaps are still under investigation.

Read More: Liquid Network Pauses After 4,000 BTC Worth $320M Pulled in White-Hat Incident

cysiccysic

970x90-cryptogames970x90-cryptogames

2.8 Million CYS Remain Restricted

Cysic began adding the receiver address to the CYS token contract blacklist at 13:47:52 UTC, about 76 minutes after the illicit money printing.

The restriction was activated onchain, and is currently hindering transfers for approximately 2.8 million CYS still held at the address. The team is still tracking down the next $3,380.41, using help from a professional security firm.

Mainnet and Existing User Assets Were Not Hit

The dispute was not to challenge the bridge’s message-processing and minting capabilities, Cysic said.

Its mainnet hasn’t been affected by the infrastructure as yet, and all consensus, block-production and transaction-confirmation and EVM-execution features remain unaffected.

There was also no evidence of any existing CYS or other assets being stolen from user wallets, the foundation added. That is significant because the exploit was not a depleter but did, instead, create new tokens that users were not holding.

Read More: CoinEx Announces Permanent Shutdown After 9 Years, Withdrawals End Dec. 22

Cross-Chain Bridge Stays Closed During Review

Cysic immediately suspended the operation of the bridges after the incident was detected and stated the service will not be reinstated until the whole work flow is reviewed. The investigation now extends to the handling of the messages, the permissions settings, the asset records and the entire attack path.

Cysic has yet to announce a reopening date. The bridge will not reopen until the security assessment is finished and the remediation recommended will be verified.

Related articles

U.S. CFTC sets agenda for AI forum, exploring trading and agentic finance

U.S. CFTC sets agenda for AI forum, exploring trading and agentic finance

October 20, 2026
ByteDance, Alibaba and Tencent Order Over $35 Billion in Nvidia RTX PRO Chips

ByteDance, Alibaba and Tencent Order Over $35 Billion in Nvidia RTX PRO Chips

October 20, 2026

When in the investigation phase there will be a follow-up report to include the benefits of the investigation and with actual losses derived; progress of fund-tracing and the final remediation steps will be included.



Source link

ShareTweetShareShare

Related Posts

U.S. CFTC sets agenda for AI forum, exploring trading and agentic finance

U.S. CFTC sets agenda for AI forum, exploring trading and agentic finance

by J_News
October 20, 2026
0

The potential effects of artificial intelligence in the derivatives markets will be in focus at the U.S. Commodity Futures Trading...

ByteDance, Alibaba and Tencent Order Over $35 Billion in Nvidia RTX PRO Chips

ByteDance, Alibaba and Tencent Order Over $35 Billion in Nvidia RTX PRO Chips

by J_News
October 20, 2026
0

TLDR ByteDance, Alibaba and Tencent have reportedly ordered more than 3 million Nvidia RTX PRO 5500 cards. The orders have...

Stablecoins After the GENIUS Act, Part 1: What Businesses Need to Do Now

Stablecoins After the GENIUS Act, Part 1: What Businesses Need to Do Now

by J_News
October 20, 2026
0

The op-ed below was written by Michael Handelsman for Kelman.Law and is Part 1 of “Stablecoins After the GENIUS Act:...

Hyperliquid Policy Center Calls For Five Changes To SEC Crypto Rule

Hyperliquid Policy Center Calls For Five Changes To SEC Crypto Rule

by J_News
October 20, 2026
0

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed...

Qubic Restarts Blockchain After $1.4M Wallet Hack

Qubic Restarts Blockchain After $1.4M Wallet Hack

by J_News
October 20, 2026
0

Layer-1 blockchain Qubic has restarted its network and launched a recovery process after a wallet seed vulnerability allowed an attacker...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • About Us

Top News

Capital B Buys 376 BTC for $29M, Pushes Bitcoin Treasury to 3,521 BTC

67M Crypto Holders Put Pressure on Senate as Ripple Pushes CLARITY Act Showdown

Trump Says AI Will Not Cause Human Extinction as OpenAI and Anthropic Researchers Warn of Danger

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us

© 2021 mtrushmorecrypto - Crypto Related News Blog