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.


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