Solana-based gaming ecosystem Aurory suffers security breach
Aurory, a gaming ecosystem built on the Solana blockchain, was recently targeted in a security breach. The incident occurred on Dec. 17 and resulted in a significant decrease in liquidity for the AURY-USDC pool on the decentralized exchange Carmelot.
Exploit targets Aurory’s SyncSpace bridge
According to reports, the exploit specifically targeted Aurory’s SyncSpace bridge on Camelot, which is a native decentralized exchange on the Arbitrum network. As a result of the attack, the liquidity of the AURY-USDC pool dropped from $1.5 million to approximately $312,000.
SyncSpace bridge enables asset transfers
The SyncSpace bridge plays a crucial role in Aurory’s ecosystem by allowing users to transfer items between on-chain and off-chain environments with a single transaction. It facilitates the movement of in-game assets from off-chain to the blockchain when users choose to DeSync them.
Aurory previously deemed cross-SyncSpace hack impossible
In October 2022, Aurory’s team introduced SyncSpace and stated that a cross-SyncSpace hack would be impossible due to the requirement of signatures to Sync/DeSync assets. However, this recent breach has proven otherwise.
Tokens stolen and sold
According to Tim, a member of Aurory’s team, tokens belonging to the team were stolen during the breach and immediately sold. The team is currently buying back these tokens while conducting an investigation into the incident. A post-mortem report will be released after an audit is completed.
Impact on AURY token price
Following the attack, the price of AURY dropped to $1.13, causing an 11% decrease in the token’s value within 24 hours. The reduced liquidity in the pool also affected trading activities, leading to concerns among users.
Other security incidents over the weekend
In addition to Aurory’s breach, the crypto industry experienced other security incidents over the weekend. NFT Trade, a trading platform, encountered an exploit in two of its old smart contracts, resulting in the theft of NFTs worth nearly $3 million. Most of the tokens were returned after a 10% bounty was paid to the attacker.
Hot Take: Security breaches continue to pose risks for crypto platforms
The recent security breach on Aurory’s gaming ecosystem highlights the ongoing risks faced by crypto platforms. Despite precautions and assurances of safety, hackers continue to find vulnerabilities and exploit them for personal gain. Such incidents not only result in financial losses but also erode trust and confidence in the affected platforms. It is crucial for crypto projects to prioritize security measures and conduct regular audits to identify and address potential vulnerabilities. As the industry evolves, robust security practices will be essential for maintaining user trust and protecting valuable assets.
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