Hupzy (Spot On Chain)|Jun 08, 2026 02:46
๐จ BREAKING: ๐ฆ๐๐๐ฐ๐ผ๐ถ๐ป ๐ฏ๐ฟ๐ถ๐ฑ๐ด๐ฒ ๐ฒ๐
๐ฝ๐น๐ผ๐ถ๐๐ฒ๐ฑ โ ~5B unauthorized SYS minted through a UTXO validation flaw. The bridge has been paused. The attacker split the mint across two addresses (~4B and ~1B SYS). Syscoin has prepared a fix and is coordinating with exchanges to blacklist tainted deposits.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: Bridge exploits remain a recurring structural risk in cross-chain infrastructure. While SYS is a niche altcoin with limited spillover to majors, the scale of this mint effectively inflates supply and undermines confidence. Exchange blacklisting may contain secondary damage, but the reputational hit to the bridge model persists.
--source: https://x.com/WuBlockchain/status/2063811891978457300
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