SYND plunges 34% after exploit hits Commons bridge

SYND Token Crashes Amid Suspected Syndicate Bridge Exploit And Liquidity Panic

Blockchain security firms flagged a suspicious traffic on the syndicate protocol. An alleged Syndicate exploit claimed a mounting toll after blockchain security companies in close succession reported unusual activity tied to the popular investment and social network’s Commons Bridge today. PeckShield, which was among the first to sound warnings that signs pointed toward a breach in the Syndicate bridge infrastructure. Early reports of the incide…

CoinStats - Syndicate Exploit Triggers $330,000 Loss As S...

Syndicate exploit triggers panic selling as SYND plunges 36% Attacker drains millions in tokens before bridging funds to Ethereum Security concerns rise as cross chain bridge vulnerabilities resurface again A sudden exploit targeting Syndicate disrupted market confidence and triggered a steep decline in the value of its native token. The incident unfolded quickly, pushing SYND into a sharp selloff as traders reacted to both the breach and its im…

SYND Crashes 37% After Syndicate Network Bridge Hack

Blockchain security firm CertiK reported an exploit involving the Ethereum infrastructure platform, Syndicate, after a compromise of the Commons bridge. According to CertiK, an address acquired around 18.5 million SYND tokens and sold them for approximately $330,000. The funds were then bridged to Ethereum. Syndicate Promises User Compensation The latest breach had a devastating impact on its native token. Data from CMC revealed that SYND droppe…

SYND plunges 34% after exploit hits Commons bridge

Syndicate’s native token SYND crashed by 34%, making a new all-time low after another bridge exploit. The Commons bridge was compromised in the latest series of smart contract attacks, relying on accepting unverified cross-chain messages and sending out funds. Syndicate announced an attack against its Commons bridge, which was shut down to prevent further losses. The recent exploit extends the streak of adverse events for Web3 in April, with del…

Syndicate Hack Triggers 35% Drop in $SYND After Bridge Exploit

Syndicate confirmed that its Commons bridge was compromised, allowing an attacker to steal around 18.5 million SYND tokens and sell them for an estimated