The Aurory USDC pool was poured on the arbitrage DEX Camelot
Solana-based gaming ecosystem Aurory was reportedly breached on December 17th, causing the AURY-USDC pool on decentralized exchange (DEX) Carmeloto to drop by nearly 80%.
Unconfirmed reports on X (formerly Twitter) suggest that the exploit targeted Aurory's SyncSpace bridge on Arbitrum's native DEX Camelot around 13:00 UTC, reducing the size of the AURY-USDC pool to $312,000 from $1.5 million.
Cointelegraph has reached out to the Aurora team, but has not yet received a response.
SyncSpace acts as an Aurora bridge, allowing users to switch between on-chain and off-chain in a single transaction. In-game assets that are initially off-chain will allow them to be transferred to the blockchain when the user chooses to DeSync.
In a blog post announcing the feature in October 2022, the Aurora team said the technology requires sync/desync properties to be signed, making sync space hacking impossible.
In a thread posted on X by Aurory team member, Tokens belonging to the team were stolen and immediately sold. “We are buying the tokens while we are investigating what happened,” he said, adding that an autopsy will be released after the audit is completed.
AURY was trading at $1.23 at the time of writing, down 11% in the last 24 hours. The attack knocked the token price down to $1.13. The user wrote: “The exploiter explained the chart, the bottom buyers worked 5x at 45m and now the whole pool is damaged with very little liquid.”
The weekend was marked by other security incidents affecting the crypto industry. On December 16, trading platform NFTTrade experienced an exploit in two old smart contracts, which led to the theft of approximately $3 million worth of tokens (NFTs). Most of the tokens are returned after a 10% bonus is paid to the attacker.
Magazine: NFT Creator: Pudgy Penguins GIFs Top 10B Views, CEO Sets Views On Disney, Hello Kitty
