What happened?
Solana-based gaming ecosystem Aurory suffered a breach on Dec. 17, resulting in a significant drop in liquidity for the AURY-USDC pool on decentralized exchange Carmelot. Reports suggest that the exploit targeted Aurory's SyncSpace bridge on Arbitrum's native DEX Camelot, reducing the pool's liquidity from $1.5 million to approximately $312,000.
Aurory's response
Cointelegraph reached out to Aurory's team for comment but has not received a response at the time of writing. In a thread on X, a member of Aurory's team mentioned that tokens belonging to the team were stolen and immediately sold. The team is in the process of buying back the stolen tokens and plans to release a post-mortem after completing an audit.
About SyncSpace
SyncSpace is Aurory's bridge that allows users to switch items between on-chain and off-chain with a single transaction. It enables in-game assets initially stored off-chain to be moved to the blockchain when the user chooses to DeSync them. Aurory had previously deemed a cross-SyncSpace hack impossible due to the technology's signature requirement for Syncing/DeSyncing assets.
The impact on AURY token
The AURY token is currently trading at $1.23, down 11% in the previous 24 hours. The attack caused the token price to drop to $1.13. The decrease in liquidity has affected the pool's overall stability and availability for traders.
Other security incidents in the crypto industry
The weekend also saw other security incidents affecting the crypto industry. Trading platform NFT Trade experienced an exploit in two of its old smart contracts on Dec. 16, resulting in the theft of nearly $3 million worth of nonfungible tokens (NFTs). However, the majority of the tokens were returned after a 10% bounty was paid to the attacker.
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