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Solana-Based Aurory Suffers Devastating Exploit: 80% Of Liquidity Gone

Aurory (AURY), a blockchain-based tactical Japanese role-playing game built on Solana (SOL), recently experienced a significant liquidity loss in its Camelot’s AURY-USDC pool. 

The incident occurred due to a hack on the SyncSpace bridge, which resulted in the unauthorized withdrawal and subsequent market sale of approximately 600,000 AURY tokens on the Arbitrum (ARB) network. 

Aurory SyncSpace Bridge Hacked

In an official statement released on December 17, Aurory’s team disclosed the details of the incident. The team detected unusual activity on their marketplace and promptly initiated an investigation, which revealed that a malicious actor had exploited the marketplace’s buy endpoint. 

This exploit allowed the attacker to inflate their AURY balance in SyncSpace, enabling them to withdraw around 600,000 tokens to the Arbitrum network. The attacker then liquidated the stolen amount by selling it in the market.

To protect user funds, SyncSpace was promptly disabled for maintenance, temporarily suspending deposits and withdrawals. Importantly, the statement assured that no user funds or non-fungible tokens (NFTs) were lost or at risk during the incident. 

The AURY tokens originated from a team wallet, facilitating withdrawals for accounts not previously deposited AURY.

Exploit Mitigated

The Aurory statement emphasized that the exploit is no longer ongoing, as SyncSpace remains offline for maintenance. As a result, there is currently no risk of further exploits. Additionally, it was confirmed that the attacker has exhausted their AURY supply and no longer possesses any tokens to sell.

Moreover, SyncSpace will investigate further to determine how the exploit went undetected despite the previous expert audit. 

The team also plans to release a comprehensive post-mortem report once the necessary fixes have been implemented and the investigation concludes. They expect SyncSpace to be back online in the coming days.

Since October 30, the price of Aurory’s token, AURY, has experienced a significant upward trend, culminating in a yearly high of $1.9008 on December 12. However, following the recent exploit, the price of AURY has retraced to $1.0868, marking a decline of 23.5% over the past 24 hours and 36.5% over the past seven days. 

Despite this setback, AURY still boasts substantial gains of 74% and 70% over the 30-day and one-year periods, respectively.

Aurory

The market now awaits to see whether the token’s support lines at $0.9681 and $0.9086 will be able to halt the potential continuation of the price drop or if they will succumb to the prevailing downtrend, putting a significant portion of its 2023 gains at risk.

Featured image from Shutterstock, chart from TradingView.com

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BREAKING: Sushi DeFi Security Breach: CTO Sounds Alarm, SUSHI Price Drops 4%

In a significant blow to the decentralized finance (DeFi) sector, the Sushi DeFi protocol has fallen victim to its second exploit this year.

The protocol’s Chief Technology Officer (CTO), Matthew Lilley, has issued a stark warning to users, advising them to refrain from using any decentralized applications (dApps) until further notice.

Sushi And Zapper Frontends Compromised

The latest breach has prompted concerns about the security and integrity of the Sushi DeFi protocol and other associated dApps. According to Lilley, a widely-used web3 connector has been compromised, allowing malicious code injection that affects numerous dApps. 

Specifically, dApps that use the LedgerHQ/connect-kit, a dApp that allows users to connect other dApps to their Ledger hardware wallets, are considered vulnerable. Notably, Lilley’s warning underscores the severity of the situation, emphasizing that this is not an isolated attack, but a large-scale assault targeting multiple dApps.

Further investigation by security experts has revealed a potential supply chain attack on the ledger connect kit. The attacker allegedly successfully injected a wallet-draining payload into the popular Node Package Manager (NPM), impacting several prominent dApps, including Hey and others. 

Additionally, it has been discovered that the Zapper and Sushi frontends have been hijacked, exacerbating the scope of the breach.

Slowmist, a module of Ledger, further confirmed that their system was hijacked and tampered with during the supply chain attack. This compromised the integrity of the ledgerhq/connect-kit library, which is relied upon by many dApps. 

As a result, users are urged to exercise caution when conducting any dApp-related operations and to scrutinize requests for wallet information that may appear unexpected.

Malicious Connect Kit Neutralized? 

In an official statement, Ledger has confirmed the identification and removal of a malicious version of the Ledger Connect Kit. The company assures users that their Ledger devices and Ledger Live remain uncompromised. 

The company stated that a genuine version of the Connect Kit is currently being pushed to replace the malicious file. Ledger advises users to refrain from interacting with any dApps at the moment for their safety. 

The company pledges to provide updates as the situation develops, ensuring users stay informed about the ongoing efforts to address the security breach.

SUSHI’s Uptrend Threatened By Exploit Fallout

In light of recent events affecting the Sushi DeFi protocol, its native token, SUSHI, has experienced a decline of over 4% within the past hour, reaching a low of $1.590. 

Sushi

Before the exploit, SUSHI had been exhibiting a notable uptrend structure on its 1-day chart, marked by higher highs and higher lows. However, with the loss of its crucial support level at $1.961, there is a potential invalidation of the previously established uptrend. 

The uncertainty surrounding the protocol’s native token raises the possibility of further downside in SUSHI’s price action. If a sustained downtrend continues, the next significant support level for SUSHI is located at $1.084. 

Featured image from Shutterstock, chart from TradingView.com