Cysic suspends bridge after attacker mints tokens and moves $727,000 to Ethereum
60-second summary
The attacker mints ten million CYS tokens, then bridges roughly $727,000 worth of proceeds to Ethereum using Mayan, deBridge and SWFT’s Bridgers, prompting Cysic to suspend its bridge. This breach highlights vulnerabilities in cross‑chain liquidity providers, likely prompting tighter security audits and causing short‑term caution among traders and developers in the decentralized finance ecosystem.
The attacker, after minting 10 million CYS, managed to bridge about $727,000 in proceeds to Ethereum through Mayan, deBridge and SWFT's Bridgers.