[Syndicate Labs Suffers Private Key Breach Attack, Cross-Chain Bridge Maliciously Upgraded Leading to Transfer of Approximately 18.5 Million SYND] Odaily Planet Daily reports that Syndicate Labs disclosed a security incident: attackers infiltrated the system through a private key breach and maliciously upgraded the cross-chain bridge contracts on two chains, resulting in the transfer of approximately 18.5 million SYND and around $50,000 in user assets. The attack originated from a compromised development endpoint, where the attackers used production environment permissions to upgrade the bridge contracts to a malicious version. Other chains were not affected. The losses include: - Commons Bridge: Approximately 18.5 million SYND were transferred and sold, equivalent to about $330,000. - Another Appchain: Approximately $50,000 in user assets were transferred. Syndicate Labs stated that affected SYND holders will receive full compensation along with additional overcompensation, ensuring their overall holdings exceed pre-incident levels. Affected Appchain users will also be fully compensated for their losses.