Solana-based Aurory exploited, 80% of liquidity lost

5:13 pm
December 18, 2023

**Solana’s Aurory Suffers $600k Exploitation – 80% of Liquidity Lost**

In a shocking turn of events, Aurory, a gaming ecosystem based on Solana, has been subjected to a major security breach resulting in an 80% loss of liquidity in its AURY-USDC pool. The incident took place as the SyncSpace Aurory Bridge on Camelot’s native DEX Arbitrum was hacked, leading to the withdrawal and market sale of approximately $600k worth of AURY tokens. However, a prompt response from the project team disabled SyncSpace and safeguarded user funds while investigations are ongoing.

**SyncSpace Aurory Bridge Hacked**

Aurory’s team noticed suspicious activity on its marketplace, leading to the discovery of the exploit in the platform’s buy endpoint. The exploiter manipulated the SyncSpace Aurory bridge, increasing their $AURY balance and withdrawing around 600k tokens to the Arbitrum network. The attacker subsequently executed a market sell, liquidating the entire stolen amount. To mitigate the breach, SyncSpace has been temporarily disabled for maintenance, freezing asset deposits and withdrawals. Fortunately, no user funds or NFTs are at risk as the stolen $AURY originated from a team wallet designated for withdrawals by accounts without prior deposits.

The team responded swiftly by absorbing sell pressure through their market maker and pool rebalancing, ensuring the exploiter has no remaining tokens to sell. Despite SyncSpace undergoing an audit months ago by a top-tier security firm, the breach raises questions about how this vulnerability eluded detection.

**Impact on AURY Token**

Following the breach, the AURY token experienced a 17% drop to $1.17. However, it later recovered some value. The team is actively repurchasing tokens as investigations proceed. The incident has sparked conversations within the crypto community regarding the security of decentralized ecosystems.

The Aurory team has assured users that a comprehensive post-mortem analysis will follow once the fix is complete and investigations conclude. SyncSpace is expected to be back online in the coming days, with plans for an Amber patch announcement and an end-of-year event for Seekers of Tokane.

FAQ:

Q: What is Aurory?
A: Aurory is a Solana-based gaming ecosystem that offers a range of decentralized services and tools for gamers.

Q: What prompted the security breach in Aurory?
A: The security breach in Aurory was the result of an exploit in the platform’s buy endpoint, allowing an attacker to manipulate the SyncSpace Aurory bridge and withdraw a significant amount of AURY tokens.

Q: How did the AURY token fare after the breach?
A: The AURY token initially experienced a 17% drop to $1.17 in response to the breach but later recovered some value. The project team is actively repurchasing tokens as investigations proceed.


Share:

More in this category ...

12:19 am April 24, 2024

5 steps for enforcing alternate control for your group

Featured image for “5 steps for enforcing alternate control for your group”
7:34 pm April 23, 2024

Crypto.com delays South Korea release amid regulatory hurdles

Featured image for “Crypto.com delays South Korea release amid regulatory hurdles”
7:22 pm April 23, 2024

XRP Wallets Holding At Least 1 Million Coins Nears All-Time High As Sentiment Improves

Featured image for “XRP Wallets Holding At Least 1 Million Coins Nears All-Time High As Sentiment Improves”
12:40 pm April 23, 2024

Artificial Intelligence this Earth Day: Top alternatives to advance sustainability tasks

Featured image for “Artificial Intelligence this Earth Day: Top alternatives to advance sustainability tasks”
12:22 pm April 23, 2024

SEC seeks $5.3 billion from Terraform Labs and Do Kwon

Featured image for “SEC seeks $5.3 billion from Terraform Labs and Do Kwon”
7:24 am April 23, 2024

BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High

Featured image for “BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High”
5:10 am April 23, 2024

Ledger Live brings crypto swaps to customers by way of MoonPay partnership

Featured image for “Ledger Live brings crypto swaps to customers by way of MoonPay partnership”
1:00 am April 23, 2024

Deployable structure on IBM Cloud: Simplifying gadget deployment

Featured image for “Deployable structure on IBM Cloud: Simplifying gadget deployment”
7:27 pm April 22, 2024

Analyst Thinks Dream Milestone Could Be Hit In Coming Weeks

Featured image for “Analyst Thinks Dream Milestone Could Be Hit In Coming Weeks”
2:45 pm April 22, 2024

Figure Markets CEO confirms FTX’s public sale of ultimate locked Solana (SOL)

Featured image for “Figure Markets CEO confirms FTX’s public sale of ultimate locked Solana (SOL)”
7:30 am April 22, 2024

DOGE Price Prediction – Dogecoin Recovery Could Stall At $0.170

Featured image for “DOGE Price Prediction – Dogecoin Recovery Could Stall At $0.170”
7:26 pm April 21, 2024

Ethereum Enters Accumulation Phase

Featured image for “Ethereum Enters Accumulation Phase”
5:07 pm April 21, 2024

Bitbot positive aspects as Ape Terminal cancels ZKasino IDO

Featured image for “Bitbot positive aspects as Ape Terminal cancels ZKasino IDO”
2:00 pm April 21, 2024

Building the human firewall: Navigating behavioral exchange in safety consciousness and tradition

Featured image for “Building the human firewall: Navigating behavioral exchange in safety consciousness and tradition”
7:28 am April 21, 2024

Bitcoin Users Spend Record $2.4 Million On Block 840,000

Featured image for “Bitcoin Users Spend Record $2.4 Million On Block 840,000”
2:21 am April 21, 2024

Maximize the facility of your strains of protection towards cyber-attacks with IBM Storage FlashDevice and IBM Storage Defender

Featured image for “Maximize the facility of your strains of protection towards cyber-attacks with IBM Storage FlashDevice and IBM Storage Defender”
7:31 pm April 20, 2024

Fourth Bitcoin Halving Completed – Here Are The Implications

Featured image for “Fourth Bitcoin Halving Completed – Here Are The Implications”
7:29 pm April 20, 2024

TRON traders making an allowance for TON and Bitbot amid SEC lawsuit towards Justin Sun

Featured image for “TRON traders making an allowance for TON and Bitbot amid SEC lawsuit towards Justin Sun”
2:42 pm April 20, 2024

Probable Root Cause: Accelerating incident remediation with causal Computational Intelligence 

Featured image for “Probable Root Cause: Accelerating incident remediation with causal Computational Intelligence ”
12:15 pm April 20, 2024

Telegram to tokenize emojis and stickers as NFTs on TON blockchain

Featured image for “Telegram to tokenize emojis and stickers as NFTs on TON blockchain”
7:31 am April 20, 2024

Relay Chain Replacement And 10M DOT Prize Incentive

Featured image for “Relay Chain Replacement And 10M DOT Prize Incentive”
5:03 am April 20, 2024

Hedgey Protocol loses $44.7M in twin cyber assaults

Featured image for “Hedgey Protocol loses $44.7M in twin cyber assaults”
3:03 am April 20, 2024

The adventure to a mature asset control machine

Featured image for “The adventure to a mature asset control machine”
7:28 pm April 19, 2024

320 Million USDT Inflow Could Ignite Price Surge

Featured image for “320 Million USDT Inflow Could Ignite Price Surge”
3:24 pm April 19, 2024

Live from TOKEN2049: Telos broadcasts Ethereum Layer 2 partnership with Ponos Technology

Featured image for “Live from TOKEN2049: Telos broadcasts Ethereum Layer 2 partnership with Ponos Technology”
2:39 pm April 19, 2024

JPMorgan CEO calls Bitcoin a ‘Ponzi Scheme’ regardless of JPMorgan’s involvement in Bitcoin ETFs

Featured image for “JPMorgan CEO calls Bitcoin a ‘Ponzi Scheme’ regardless of JPMorgan’s involvement in Bitcoin ETFs”
7:30 am April 19, 2024

BNB Price May Have Another Chance For A Bullish Streak: Here’s How

Featured image for “BNB Price May Have Another Chance For A Bullish Streak: Here’s How”
3:44 am April 19, 2024

Getting in a position for synthetic common intelligence with examples

Featured image for “Getting in a position for synthetic common intelligence with examples”
12:15 am April 19, 2024

Injective and Jambo companion to deliver mobile-based DeFi to tens of millions in rising markets

Featured image for “Injective and Jambo companion to deliver mobile-based DeFi to tens of millions in rising markets”
7:29 pm April 18, 2024

Successful Beta Service release of SOMESING, ‘My Hand-Carry Studio Karaoke App’

Featured image for “Successful Beta Service release of SOMESING, ‘My Hand-Carry Studio Karaoke App’”